By Sheri Kasprzak
New York, Sept. 23 - Metamedia Capital Corp. said it has priced a private placement for up to C$2.5 million.
The non-brokered deal includes up to 2.5 million shares at C$1.00 each.
Proceeds from the offering, slated to close Oct. 7, will be used to implement an internet protocol-based television service. The rest will be used for working capital.
Based in Calgary, Alta., 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$2.5 million (maximum)
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| Shares: | 2.5 million (maximum)
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| Price: | C$1.00
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| Warrants: | No
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| Pricing date: | Sept. 23
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| Settlement date: | Oct. 7
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| Stock price: | C$1.46 at close Sept. 23
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