MOMO'S BREAKOUT BOARD

[CyclicalTrader88]

$CURM Busting a move off $1.75 Million Financing #CURMusic

http://www.otcmarkets.com/stock/CURM/news/C-Uuml-R-Media-Completes--1-75-Million-Financing--Led-by-Members-of-Management-and-its-Board-of-Directors?id=121005&b=y

CÜR Media Completes $1.75 Million Financing, Led by Members of Management and its Board of Directors

PR Newswire

GLASTONBURY, Connecticut, December 8, 2015

GLASTONBURY, Connecticut, December 8, 2015 /PRNewswire/ --

#CURMUSIC

CÜR Media, Inc. (OTCQB: CURM) (OTCBB: CURM) today announced the completion of a $1.75 million financing led by members of the company's management and board of directors, including Tom Brophy, Founder & CEO, and recently appointed director, Sanjan ("Sunny") Dhody. Key music industry professionals participating in the financing were Hector "Tico" Torres, drummer for the rock band Bon Jovi, and Robert Fernandez, President of Mr. 305, Inc., the independent record label founded by Pitbull.

The offered securities consisted of units of convertible unsecured promissory notes bearing 12% interest ("the Notes") and warrants to purchase common stock (the "Warrants"). The Notes are mandatorily convertible into the company's common stock at the lesser of $0.50 per share, or a 15% discount to the price of the next equity financing by the company of at least $2.5 million. A full description of the offering can be found in the Company's Form 8-K filed with the SEC on December 1, 2015, as well as other filings the company made with the SEC. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes as it gears up for the anticipated launch of CÜR Music, a social, mobile, and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services.

"We are pleased to have completed this financing which helps to enable our company to take the next step in its corporate evolution," said Tom Brophy, Founder & CEO of CÜR Media, Inc. "This infusion of capital was vital in our effort to move forward to complete our near term and achieve an up-listing to a national stock exchange as we head towards the anticipated commercial launch of CÜR Music. Our team has worked diligently to prepare for the launch of what we expect to be an innovative and disruptive music experience, and we look forward to attempting to build CÜR Media into a leading force in the multi-billion dollar music streaming industry."