Salon Media Group Receives $200,000

Salon Media Group Receives $200,000 Additional Funding: Salon Media Group has received another round of funding (I’ve lost count…), this time from Shea Ventures. In a current report filed with the U.S. Securities and Exchange Commission, Salon said it issued a convertible promissory note and warrants to Shea Ventures on Dec. 18 to raise $200,000 for working capital.

The company previously raised another $200,000 in October through the sale of a promissory note to Salon director John Warnock. Shea already owned about 16 percent of Salon shares, before this round of funding.

Comments have been disabled for this post