BuzzNewzz

Live Current Media, a Canadian company which is in the business of developing, operating and monetizing premium domain names, has raised a little over $1 million through a private placement. The money comes from Live Current's own management team and a couple of outside investors, and is expected to be the first part of a private funding which could total up to $2 million in the next 15 days. Live Current, which changed its name from Communicate.com earlier this year, is a publicly traded company (OTCbb:LIVC). The investors paid 65 cents per unit, a premium of 38% to yesterday’s closing price of 40 cents. The financial performance isn't looking that great, however (more after the jump).

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