Business
Cinema Internet Networks arranges $250,000 private placement
Cinema Internet Networks arranges $250,000 private placement.
About this update from Secure Blockchain Development Corp.
[{"type":"text","content":"\n\n\n\nCWK: TSX.V\n\n\nVANCOUVER, Dec. 6 /CNW/ - (TSX.V: CWK) William Massey, President\nannounces that the Company is arranging, subject to regulatory approval, a\nnon-brokered private placement of up to $250,000, which will result in the\nissuance of up to 5,000,000 units at a price of $0.05 per unit. Each unit\nconsists of one common share and one share purchase warrant exercisable into\nan additional common share of the Company at a price of $0.10 per share for a\nperiod of two years. Certain members of the Board of Directors (Insiders),\npresent shareholders and other qualified investors will be participating.\nFinder's fees may be payable, and the Company anticipates having multiple\nclosings. The proceeds of the private placement will be used for general\nworking capital.\n\n\nSince 2000, Vancouver-based Cinema Internet Networks Inc. (d.b.a.\nCinemaWorks) has provided broadband Internet services to the North American\nhospitality industry. CinemaWorks' current focus is the sales and support of\nworld leading commercial-grade broadband over powerline (BPL) technology from\n3One Networks Inc. The 3One commercial grade technology has the capacity to\nreliably and cost-effectively deliver the triple play of VoIP, email/browsing\nand IPTV to customers in large commercial buildings.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n\"WILLIAM MASSEY\"\n\n\nPresident\n\n\nTHE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY\n\n\nOR ACCURACY OF THIS RELEASE.\n\n\n","length":1556,"tagName":"div"}]