Mirabaud Securities assists in raising funds for planned acquisitions
By Devika Patel
Knoxville, Tenn., Feb. 2 - Mood Media Corp. said it plans a private placement of shares through Mirabaud Securities LLP. The offering will raise £9.38 million.
The company will sell 7.5 million common shares at 125p each.
Proceeds will be used to finance the cash consideration due on acquisitions which are being negotiated.
Mood Media is a Toronto-based music distribution company.
| Issuer: | Mood Media Corp.
|
| Issue: | Common shares
|
| Amount: | £9,375,000
|
| Shares: | 7.5 million
|
| Price: | 125p
|
| Warrants: | No
|
| Agent: | Mirabaud Securities LLP
|
| Pricing date: | Feb. 2
|
| Stock symbol: | Toronto: MM
|
| Stock price: | C$2.00 at close Feb. 1
|
| Market capitalization: | C$227.34 million
|
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