April 23, 2010
Intertainment Media Inc. (TSXV: INT) completed the first tranche of its private placement of 14,498,329 units at a price of $0.16 per unit for gross proceeds of approximately $2,319,730. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $0.20 until April 23, 2012. The offering was conducted through M Partners Inc., the exclusive lead agent.
Intertainment is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement.
Wildeboer Dellelce LLP represented the agent with a team that included Charlie Malone, Irene Kim and Luke Sawicki (corporate/securities) and Andrea Shreeram (tax).