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Article: Innovium Closes Private Placement.
- Article from:
- Marketwire Canada
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Oct 1, 2009 (Marketwire via COMTEX) -- Innovium Media Properties Corp. (TSX VENTURE:IN)(FRANKFURT:IH7) ("Innovium" or the "Company") reports that it has closed a private placement of $1,272,500 in Trust. This financing consists of 12,725,000 units ("Units") being issued at $0.10 per Unit, with each Unit consisting of one common share and one half of a common share purchase warrant ("Warrant"). Each Warrant entitles its holder to purchase one common share at a price of $0.10 for a period of eighteen (18) months from the date of issuance.
It should be noted that this financing is an arms-length transaction and is subject to TSX Venture Exchange ...