By Sheri Kasprzak
New York, May 10 - Moscow CableCom Corp. has secured agreements for a $20,374,009 private placement of units.
The company issued 2,462,860 units at $8.2725 each.
The units are composed of one share and one half-share warrant. Each whole warrant is exercisable at $9.852 each through May 5, 2008.
Renova Media Enterprises Ltd., formerly Columbus Nova Investments VIII Ltd., agreed to buy 1,208,824 units.
The deal is scheduled to close May 18.
New York-based Moscow CableCom provides broadband services to residential and commercial customers.
| Issuer: | Moscow CableCom Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $20,374,009
|
| Units: | 2,462,860
|
| Price: | $8.2725
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | May 5, 2008
|
| Warrant strike price: | $9.852
|
| Investor: | Renova Media Enterprises Ltd. (lead)
|
| Announcement date: | May 10
|
| Settlement date: | May 18
|
| Stock symbol: | Nasdaq: MOCC
|
| Stock price: | $8.45 at close May 10
|
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