Business
Mood Media Completes Private Placement of Convertible Debentures
May 27, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S . NEWS WIRE SERVICES O...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n May 27, 2011 (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 IN THE UNITED STATES/\n\n\nTORONTO, May 27, 2011 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX:MM/ LSE AIM:MM) ("Mood Media") announced today that\n it completed a private placement of U.S.$13,500,000 aggregate principal\n amount of 10% convertible unsecured subordinated debentures (the\n "Convertible Debentures"). The Convertible Debentures were issued for a\n subscription price of U.S.$987.50 per U.S.$1,000 principal amount of\n Convertible Debentures for gross proceeds of U.S.$13,331,250. The\n Convertible Debentures bear interest at an annual rate of 10%, have an\n exercise price of US$2.80 per common share and will mature on October\n 31, 2015. \n\n\nThe proceeds of the private placement will be used by Mood Media for\n general corporate purposes.\n\n\nAbout Mood Media Corporation\n\n\nMood Media Corporation (TSX:MM/ LSE AIM:MM) is a leading in-store media\n specialist that uses a mix of music, visual and scent media to help its\n clients communicate with consumers with a view to driving incremental\n sales at the point-of-purchase.\n\n\nThrough its subsidiaries Mood, Muzak and Mood Entertainment, Mood Media\n Corporation's products and services reach 100 million people every day\n across 470,000 business locations in over 40 countries throughout North\n America, Europe, Asia and Australia.\n\n\nMood Media Cor...