Intertainment Media Inc. (TSXV:INT) announced a non-brokered private placement of units for gross proceeds of CAD 1,000,000 on January 21, 2013. Each unit will consist of CAD 1,000 principal amount of secured convertible debentures and 7,692 common share purchase warrants. Each warrant will be exercisable into one common share for a two year period from the date of issuance at CAD 0.135 per common share. The debentures will bear interest at a rate of 12% per annum, will be payable bi-monthly and will run for a term of two years. The debentures will be convertible at CAD 0.13 per common share. A finder's fee of up to 8% of the gross proceeds may be paid on all or any portion of the funds raised pursuant to this placement. In addition, finders may receive finders warrants of up to 8% of the number of units issued in connection with the placement. Finder's warrant will be exercisable into a common share for a two year period from the date of issuance at CAD 0.12 per common share. All securities issued will be subject to a hold period of four months. The transaction is expected to close during the week of January 21, 2013.

On March 7, 2013, the company amended the terms of the transaction. The terms of debentures which were announced on January 21, 2013 will now be such that each unit will consist of CAD 1,000 principal amount of secured convertible debentures and 8,333 common share purchase warrants. Each warrant will be exercisable into one common share for a two year period from the date of issuance at CAD 0.125 per common share. The debentures will bear interest at a rate of 12% per annum, will be payable bi-monthly and will run for a term of two years. Debentures will be convertible at CAD 0.12 per common share.

On March 22, 2013, the company closed its first tranche of the transaction. The company issued 300 units for gross proceeds of CAD 300,000 in the first tranche. The company paid a cash finder's fee of CAD 24,000 and issued 199,992 finder's warrants. Each finder's warrant will entitle the holder to purchase one common share at a price of CAD 0.125 per finder's warrant share for a period of two years from the date of issuance of the finder's warrants. All securities issued in connection with the first tranche of the transaction are subject to a four-month hold period, expiring on July 23, 2013.

On April 9, 2013, the company announced closed the second tranche of the transaction. The company issued 290 units for proceeds of CAD 290,000 in the second tranche, of which $164,851 (CAD 167,761) were raised from five investors pursuant to exemption provided under Regulation D. The warrants issued in the second tranche will mature on April 5, 2015. The company paid a cash finder's fee of CAD 21,200; of which $13,188 (CAD 13,420.8) were paid to Macquarie Private Wealth Inc. for the portion raised pursuant to exemption provided under Regulation D and issued 176,660 finder's warrants; of which 112,000 warrants were issued for portion raised pursuant to exemption provided under Regulation D. Each finder's warrant will entitle the holder to purchase one common share at CAD 0.125 per warrant share for a period of two years. All securities issued in connection with the second tranche are subject to a four-month hold period, expiring August 6, 2013. The conversion was made through www.oanda.com as on April 9, 2013.

On April 30, 2013, Intertainment Media Inc. closed the transaction. The company announced that it has issued 100 units at CAD 1,000 per unit for gross proceeds CAD 100,000 in its third and final tranche. The company raised total gross proceeds of CAD 690,000 in the transaction. The warrants issued in the final tranche are exercisable until March 20, 2015. In connection with the second tranche, the company paid cash finder's fee of CAD 4,000 and issues 33,332 finder's warrants. Each finder's warrant entitles the holder to purchase one common share at CAD 0.125 per share for a period of two years from the date of issue. All securities issued in this tranche are subject to a four month hold period expiring August 31, 2013. The total gross proceeds received under the private placement are CAD 390,000. The round involved participation from 22 placees. Finder's fee of CAD 49,200 in cash and 409,984 finders' warrants payable to Macquarie Private Wealth Inc. As part of the transaction, the company announced that it has received $74,464 (CAD 75,543) from United States investors pursuant to Regulation D. The company paid finder's fees of $3,971 (CAD 4,028.54) and also issued 33,332 warrants to the agent as per Regulation D. The warrants issued will be exercised at CAD 0.125 per share for a period of two years from the date of closing. The currency conversion has been done through oanda.com as on April 30, 2013.