By Sheri Kasprzak
New York, July 12 - Metamedia Capital Corp. negotiated a C$1.5 million private placement.
The offering includes up to 1.5 million shares.
Raymond James Ltd. is the placement agent.
Proceeds will be used for the acquisition of capital assets and for the operation of the company's broadcast division. The remainder will be used for working capital.
Calgary, Alta.-based Metamedia distributes print and electronic news and information to Hellenic-descended households and businesses.
| Issuer: | Metamedia Capital Corp.
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| Issue: | Stock
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| Amount: | C$1.5 million
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| Shares: | 1.5 million
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| Price: | C$1.00
|
| Warrants: | No
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| Placement agent: | Raymond James Ltd.
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| Pricing date: | July 12
|
| Stock symbol: | TSX Venture: MME
|
| Stock price: | C$0.75 at close July 12
|
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