New Issue: Innovium Media wraps C$250,000 tranche of private placement of units

By Devika Patel

Knoxville, Tenn., Nov. 30 - Innovium Media Properties Corp. said it completed a C$250,000 tranche of a C$1.52 million private placement of units. The company raised C$1.27 million on Oct. 1.

The company sold 12,725,000 units at C$0.10 apiece in the first tranche and an additional 2.5 million units in the second tranche for a total of 15,225,000 units. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.10 for 18 months.

Proceeds will be used for exploration.

The media company is based in Toronto.

Issuer:	Innovium Media Properties Corp.
Issue:	Units of one common share and one half-share warrant
Amount:	C$1,522,500
Units:	15,225,000
Price:	C$0.10
Warrants:	One half-share warrant per unit
Warrant expiration:	18 months
Warrant strike price:	C$0.10
Settlement date:	Oct. 1 (for C$1,272,500), Nov. 30 (for C$250,000)
Stock symbol:	TSX Venture: IN
Stock price:	C$0.07 at close Oct. 1
Market capitalization:	C$4.41 million

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