UMG Media closes financing

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By Ted Liu

UMG Media Corp. has closed a private placement, raising $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]2.83 million from 28 investors from Alberta, Ontario, USA and Barbados. Canaccord Genuity acted as placement agent.[/mepr-active].

Calgary based UMG Media Corp. is one of the premier eSports companies in North America, offering live gaming entertainment events and online play.

With offices in St. Louis and Calgary, UMG has hosted live eSports events in centers such as Orlando, Nashville, Washington, South Carolina, Niagara Falls, and Dallas. UMG Online has hosted over 14 million online matches, and averages over 1.5 million monthly users.

photo credit: UMG Media Corp.