By Devika Patel
Knoxville, Tenn., May 21 - Intertainment Media Inc. said it plans to conduct a C$1 million non-brokered private placement of units.
The company will sell units of one common share and one warrant at C$0.11 apiece. Each warrant will be exercisable at C$0.16 for two years.
Proceeds will be used for working capital and corporate purposes.
Intertainment Media is a Toronto-based conventional and new media company.
| Issuer: | Intertainment Media Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Price: | C$0.11
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.16
|
| Agent: | Non-brokered
|
| Pricing date: | May 21
|
| Stock symbol: | TSX Venture: INT
|
| Stock price: | C$0.07 at close May 20
|
| Market capitalization: | C$4.24 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
