By Devika Patel
Knoxville, Tenn., Aug. 23 - WinSonic Digital Media Group Ltd. said it has secured a $5 million two-year equity financing facility with Roswell Capital Partners.
The facility is a flexible financing instrument. WinSonic can privately place its common shares as strategic opportunities arise. The agreement does not prohibit the company from completing additional debt or equity financings.
The digital media distribution solutions company is based in Atlanta.
| Issuer: | WinSonic Digital Media Group Ltd.
|
| Issue: | Reserve equity financing agreement
|
| Amount: | $5 million
|
| Tenor: | Two years
|
| Warrants: | No
|
| Investor: | Roswell Capital Partners
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| Settlement date: | Aug. 23
|
| Stock symbol: | Pink Sheets: WDMG
|
| Stock price: | $0.015 at close Aug. 20
|
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