VANCOUVER, British Columbia--(BUSINESS WIRE)--SoMedia Networks Inc. (TSX-V:VID), the pioneer of scalable video production solutions, announces that is has closed its non-brokered private placement (the “Private Placement”) of secured convertible debentures in the principal amount of CDN$800,000 (the "Debentures") as announced on February 23, 2015. Each $1,000 in the principal amount of a Debenture issued is convertible into a Unit, each Unit consisting of 8,332 common shares and 4,166 share pur
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