UMG Media Corp. announced a brokered private placement of a minimum of 625,000 units at a price of CAD 1.60 per unit for minimum gross proceeds of CAD 1,000,000 on May 29, 2019. The company has signed an agreement for the transaction. Each unit comprised of one common share and one-half of share purchase warrant of the company. Each whole warrant will entitle the holder thereof to acquire one share at an exercise price of CAD 2 for a period of 24 months from the closing date of the transaction.