Metamedia Capital Corp.

Metamedia Capital Corp.

June 01, 2006 17:08 ET

Metamedia Capital Corp. Announces Closing of Private Placement

CALGARY, ALBERTA--(CCNMatthews - June 1, 2006) - Metamedia Capital Corp. (TSX VENTURE:MME) (the "Company") is pleased to announce that on May 31, 2006, the Company completed its private placement offering of common shares (the "Private Placement") as previously announced in the press release of the Company dated April 19, 2006. Pursuant to the Private Placement, the Company issued a total of 145,000 common shares at a price of $1.00 per common share for gross proceeds of $145,000.00. The common shares issued pursuant to the Private Placement are subject to a hold period expiring 4 months from the date of closing.

The Company plans to use the proceeds from the Private Placement to acquire capital assets, to implement and operate the broadcast division of the Company and for working capital purposes.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Metamedia Capital Corp.
    Mr. Alexandros Kostis
    (403) 333-3000