Thursday, May 17, 2012
Mood Media Corporation Completes Bought Deal Private Placement
Toronto, Ontario, May 17, 2012 – Mood Media Corporation (ISIN: CA61534J1057) (TSX:MM/ LSE AIM:MM) (“Mood Media”) announced today that it has completed its previously announced bought deal private placement of 6,789,000 common shares at a price of $4.12 per common share, for aggregate gross proceeds of $27,970,680.
The syndicate of underwriters for the offering was co-led by Cormark Securities Inc. and Octagon Capital Corporation and included Byron Capital Markets Ltd. The net proceeds of the offering will be used for acquisition purposes, failing which general corporate purposes.