Liquid Media Group Ltd. announced a non-brokered private placement of 3,913,894 class B series 1 convertible preferred shares at a price of $1.022 per share for gross proceeds of up to $3,999,999.67 on January 15, 2018. The company has received and accepted the subscription agreement. The preferred stock carries a dividend of 8% per annum and is convertible into common shares of the company on a one-for-one basis. The closing of the transaction is conditional upon securities issuable upon the conversion of the Class B Series 1 Preferred Shares being conditionally approved for listing and trading on a recognized stock exchange or quotation system.