Moovly Media Inc. (TSXV:MVY) announced a brokered private placement on 14,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 2,100,000 on January 4, 2017. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.25 for a period of one year from the date of issuance. The agent has been granted an overallotment option to sell up to an additional CAD 315,000 of units. The securities will be subject to a resale restriction. The transaction will be subject to approval of TSX Venture Exchange.