UMG Media Ltd. (TSXV:ESPT) announced a non-brokered private placement of 10,000,000 common shares at a price of CAD 0.12 per common share for gross proceeds of CAD 1,200,000 on October 22, 2019. The transaction will include participation from senior management of the company for CAD 300,000. The securities to be issued will be subject to a hold period of four months from the date of closing. The company may pay finder's fees in the transaction.