Business
Mood Media Announces Closing of Convertible Unsecured Subordinated Debenture Offering
Mood Media Announces Closing of Convertible Unsecured Subordinated Debenture Offering
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n\n Oct. 1, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION\n IN THE UNITED STATES\n \n\n TORONTO, Oct 1 /CNW/ - Mood Media Corporation (formerly Fluid Music\n Canada, Inc.) (TSX:MM /AIM LSE:MM  ISIN: CA61534J1057) ("Mood Media" or\n the "Company") is pleased to announce the closing of\n its previously announced offering of  US$31.5 million aggregate\n principal amount of convertible unsecured subordinated debentures due\n October 31, 2015 (the "Debentures"). The offering was conducted by a\n syndicate of underwriters led by BMO Capital Markets and including\n Octagon Capital Corporation and Desjardins Securities Inc. (the\n "Underwriters"). The Underwriters will receive U.S.$1,078,000 principal\n amount of Debentures as partial payment for their underwriting fee.  In\n total an aggregate of U.S.$32,768,000 principal amount of Debentures\n were issued by the Corporation. \n \n\n The Debentures are subordinated, unsecured obligations of Mood Media and\n bear interest at a rate of 10.00% per annum payable semi-annually in\n arrears on April 30 and October 31 in each year commencing April 30,\n 2011. The Debentures are convertible at any time at the option of the\n holders into common shares at an initial conversion price of US$2.43 per\n common share (equivalent to C$2.50 per common share). The Debentures are\n not be redeemable by the Company pri...