GoFish Gets $1.5M in Private Placement Financing

GoFish, the recently launched youth entertainment and media network, announced today that it has has completed a $1.5 Million private placement financing. Unsecured convertible original issue discount notes which will mature on June 8, 2010, were sold to unnamed investors and affiliates of GoFish. MTV has already invested in the network in return for placement, and virtual worlds like Cookie Jar's Magi-Nation, Urbaniacs, Whyville and ROCKETON have also signed on. The only mention of a reasoning behind the financing was that, as President Tabreez Verjee, said, it would "allow us to continue to implement our sales and marketing strategy."