SoMedia Networks Inc. Arranges Private Placement to Institutional Investors for Gross Proceeds of C$2 Million

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VANCOUVER, British Columbia--(BUSINESS WIRE)--SoMedia Networks Inc. (TSX-V:VID) (“SoMedia” or the “Company”), pioneer of scalable video production solutions, announces that it has entered into an agreement with Euro Pacific Canada Inc. (“EPC”), pursuant to which EPC has agreed to act as agent for the sale of 8,000,000 special warrants of SoMedia (the “Special Warrants”) at a price of C$0.25 per Special Warrant, representing aggregate gross proceeds of C$2 million (the "Offering"). Each Special

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