WINNIPEG, Jan. 10 /CNW/ - MPVC Inc. (the "Corporation") (TSXV: MPI) announced today that it intends to conduct a non-brokered private placement (the "Offering") of up to 1,250,000 units ("Units") at a price of $0.40 per Unit for gross proceeds to the Corporation of $500,000. Each Unit will be comprised of one common share (a "Share") of the Corporation and one-quarter of one Share purchase warrant (each whole Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Share at a price of $0.50 per Share at any time within two years from the date of issue. The TSX Venture Exchange has conditionally approved the Offering.
The proceeds of the Offering will be used for the Corporation's working capital and to identify further call center assets and businesses for acquisition.
The Shares and Warrants (and the Shares issued upon exercise of the Warrants) will be subject to a hold period of four months and one day from the date of the issue of the Units in accordance with applicable securities laws and the policies of the TSX Venture Exchange Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.