Business
Mood Media Corporation Completes Bought Deal Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ...
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[{"type":"text","content":"\n\n\n\n\n\nNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES\n\n\nTORONTO, May 17, 2012 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX:MM/ LSE AIM:MM) (\"Mood Media\") announced today that\n it has completed its previously announced bought deal private placement\n of 6,789,000 common shares  at a price of $4.12 per common share, for\n aggregate gross proceeds of $27,970,680.\n\n\nThe syndicate of underwriters for the offering was co-led by Cormark\n Securities Inc. and Octagon Capital Corporation and included Byron\n Capital Markets Ltd. The net proceeds of the offering will be used for\n acquisition purposes, failing which general corporate purposes.\n\n\nStock Exchange Matters\n\n\nApplication has been made to the London Stock Exchange for admission of\n the common shares issued pursuant to the private placement, which will\n rank pari passu in all respects with the existing common shares, to\n trading on AIM. It is expected that admission to AIM will become\n effective and that dealings in the new common shares on AIM will become\n effective on May 25, 2012.\n\n\nAbout Mood Media Corporation\n\n\nMood Media (TSX:MM/ LSE AIM:MM), named Canada's fastest growing company\n by PROFIT Magazine is a leading in-store media specialist that helps\n its clients communicate with consumers with a view to driving\n incremental sales at the point-of-purchase.\n\n\nMood Media works with 580,000 commercial locations in over 40 countries\n throughout North America, Europe, Asia and Australia.\n\n\nThrough its subsidiaries, Mood Media's products and services reach 100\n million people every day in a broad client base including more than 850\n U.S. and international brands in diverse market sectors that include:\n retail, from fashion to financial services; hospitality, from hotels to\n health spas; and food retail, including restaurants, bars, quick-serve\n and fast casual dining.\n\n\nFor further information about Mood Media, please visit www.moodmedia.com.\n\n\nCautionary Statement Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking statements. The words\n \"believe\", \"expect\", \"anticipate\", \"estimate\", \"intend\", \"may\", \"will\",\n \"would\" and similar expressions and the negative of such expressions\n are intended to identify forward-loo...