VANCOUVER, June 6 /CNW/ -
PRIVATE PLACEMENT
Subject to regulatory approval, the Company is pleased to announce that
it is arranging a private placement for the purchase of up to 1,000,000 units
at a price of $0.05 per unit for total proceeds of $50,000. Each unit consists
of one common share and one non-transferable share purchase warrant entitling
the holder to purchase one additional common share for a period of two years
at a price of $0.10 per share in the first year, at a price of $0.15 per share
in the second year. Proceeds of the private placement will be used for sales
and marketing.
EMedia Networks
EMedia Networks is Canada's leading supplier of licensed background (or
"in-store") music played in public spaces. EMedia's client base includes many
national retail and restaurant chains. Background music consists of CD quality
artist recordings that are played in retail and restaurant establishments and
other public venues to enhance and define a client's brand image and as a
sales enhancement tool.
Through its sophisticated and proprietary music and network ready
platform, EMedia has been providing the most reliable and cost effective
in-store music systems to North American retail stores for more than 5 years.
EMedia Networks International Corporation
(signed) "Darren Reiter"
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Darren Reiter, CEO
Trading Symbol TSX Venture: EMM
THE TSX VENTURE EXCHANGE (OR ANY OTHER REGULATORY AUTHORITY BODY) HAS
NOT REVIEWED THE FOREGOING AND THEREFORE DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.