SOURCE: Chalk Media Corp.

November 29, 2006 22:00 ET

Chalk Media Announces Closing of Private Placement

VANCOUVER, BC -- (MARKET WIRE) -- November 29, 2006 -- Chalk Media Corp. (TSX-V: CKM) ("Chalk Media") announces that it has completed a $1,828,758 private placement of securities. Pursuant to the private placement Chalk Media has issued 10,159,773 Units at a price of $0.18 per Unit. Each Unit consists of one share and one share purchase warrant. The warrants have a two year term, and the exercise price for the warrants is US$0.19. The hold period for 5,301,698 of the securities expires on March 29, 2007 and March 30, 2007 for 4,588,075 of the securities. Insiders of Chalk Media purchased 769,474 Units in the private placement. M Partners Inc. brokered $735,948 of the private placement, and Bolder Investment Partners Ltd brokered a $249,840.00 portion. The brokers received a 7% commission and 7% warrants on the brokered portions of the financing. Each broker's warrant is exercisable into one common share at an exercise price of US$0.19 for a term of two years.

About Chalk Media Corp.

Chalk (TSX-V: CKM) is a leading provider of interactive learning solutions and tools that help organizations communicate more effectively with their employees, business partners and consumers. The company's core focus is customized, results-driven eLearning solutions.

By combining in-house expertise in instructional design, content strategy, web development, quality assurance, Flash animation and video production, Chalk produces customized rich media content that focuses on the user experience. Chalk uses its proprietary software platform, chalkboard™ LCMS, to measure the effectiveness of their learning solutions and track ROI for their clients.

With a US office in Vienna, Virginia, and Canadian offices in Toronto, Ontario, Vancouver, British Columbia and Fredericton, New Brunswick, Chalk works with global blue-chip organizations such as AstraZeneca, Best Buy, Business Objects, Hewlett-Packard, HSBC, Intrawest, Microsoft, RBC Financial, Samsung, Scotiabank, Sony, TELUS Mobility, Terasen Gas and Verizon. For more information, please visit

The TSX Venture Exchange has not reviewed the contents of this release and is not responsible for its accuracy.

Contact Information

  • For more information, please contact:
    Chalk Media Corp.
    Kris Sutherland
    Executive Vice President
    Tel: 604.453.4424
    Email Contact