By Laura Lutz
Des Moines, Sept. 6 - Metamedia Capital Corp. amended the terms of its private placement announced July 12, reducing the size of the offering.
The deal will now include up to 900,000 units of one common share and one warrant at C$0.70 per unit for proceeds of C$630,000.
Each warrant will be exercisable at C$1.10 for one year.
The placement priced July 12 as a C$1.5 million offering of 1.5 million shares at $1.00 per share.
Proceeds will be used to acquire capital assets, to operate the company's broadcast division and for working capital.
Raymond James Ltd. is the placement agent.
| Issuer: | Metamedia Capital Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$630,000
|
| Units: | 900,000
|
| Price: | C$0.70
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.10
|
| Agent: | Raymond James Ltd.
|
| Pricing date: | July 12
|
| Amended: | Sept. 5
|
| Stock symbol: | TSX Venture: MME
|
| Stock price: | C$0.75 at close on July 12
|
| Stock price: | C$0.60 at close on Sept. 5
|
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