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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.

-ENDS-

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Contacto de prensa

Corporate and trade inquiries:
Rachel Hodgson
Associate Director, Fleishman-Hillard.
Tel: +44 (0)20 7395 7004 fhmooduk@fleishman.com

Financial inquiries:
Lorne Abony
Mood Media Corporation
Tel: +1 (416) 510 0527