Business
MiMedia Announces Non-Brokered Private Placement for Gross Procceds of up to $6,000,000
Principals of Newly Announced Business Development Partner Credico to Invest Majority of Private PlacementNew York, New York--(Newsfile Corp. - February 25, 2026) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") announced today that it intends to complete a non-brokered private placement of up to 24,000,000 subordinate voting shares in the capital of the Company (the "Offered Shares"), at a price of $0.25 per Offered Share, for aggregate gross proceeds..
About this update from Mimedia Holdings Inc
[{"type":"text","content":"Principals of Newly Announced Business Development Partner Credico to Invest Majority of Private Placement","length":106,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"New York, New York--(Newsfile Corp. - February 25, 2026) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") announced today that it intends to complete a non-brokered private placement of up to 24,000,000 subordinate voting shares in the capital of the Company (the "Offered Shares"), at a price of $0.25 per Offered Share, for aggregate gross proceeds of up to $6,000,000 (the "Offering").","length":470,"tagName":"p"},{"type":"text","content":"The Company is also announcing a new business development partnership with Credico, an international leader in outsourced sales and customer acquisition, with over 35 years of continued expansion and operations throughout North America, Europe, India and South Africa. Credico's client base includes global telecommunications, energy and non-profit clients that have continuously relied on Credico's expertise to expand their customer base. In the partnership, Credico will make available MiMedia's platform globally to its clients, with the goal of continuing to offer best in class tech to power its sales campaigns.","length":630,"tagName":"p"},{"type":"text","content":"It is also anticipated that Credico's founders will personally invest a majority of the new Offering.","length":105,"tagName":"p"},{"type":"text","content":"One co-founder of Credico, noted: "My partner and I are excited to be investing in MiMedia and forming a broader business development partnership between our two companies - Credico and MiMedia. We believe the market opportunity for our partnership is significant. Our telecom carrier clients are looking for new streams of recurring revenue at high margins, as well as new ways to keep their customers sticky. MiMedia's offering is the best independent platform we have seen in this market and we are confident that the MiMedia platform can deliver impactful recurring revenue and margin growth to our Telco clients."","length":632,"tagName":"p"},{"type":"text","content":"Chris Giordano, CEO of MiMedia, added: "We are thrilled to announce this Offering and new bu...