FRV Média Inc.
TSX VENTURE : FRV

FRV Média Inc.

November 27, 2006 16:23 ET

FRV Media Completes Second Tranche of Shareholder Financing to Support the Company's Growth

MONTREAL, QUEBEC--(CCNMatthews - Nov. 27, 2006) - FRV MEDIA ("FRV" or the "Company") (TSX Venture:FRV) announced today that it has completed a second tranche of a convertible debenture financing in an amount of $300,000. The proceeds will be used to finance the Company's development.

Caisse de depot et placement du Quebec and the Fonds d'investissement de la culture et des communications each subscribed $150,000 for a total of $300,000 in new convertible debentures. The debentures bear interest at a rate of 10% per year, payable monthly, and will mature on March 31, 2010. The debentures are convertible at the holder's option at any time prior to maturity into Class A shares at a price of $0.40 per share. Unless permitted under securities legislation, the holder must not trade the security before March 27, 2007.

This $300,000 constitutes the second tranche of a private placement. A first tranche in an amount of $350,000 was completed on June 16, 2006.

FORWARD LOOKING INFORMATION

This press release contains forward looking statements reflecting the objectives, estimates and expectations of FRV Media management. These statements are identified by the use of verbs such as "believe," "anticipate," "estimate" and "expect" as well as the use of the future or conditional tense. By their very nature, these types of statements involve risk and uncertainty. Consequently, results could differ materially from the Company's projections or expectations. For information on the nature of risk factors not specifically discussed in this press release, the reader can consult FRV Media's 2006 Annual Report under the heading "Risks and Uncertainties," page 20.

ABOUT FRV MEDIA

FRV Media Inc. is a producer, exporter and integrator of quality content deployed across multiple platforms: television, cinema, multimedia and publishing. Through its wholly owned subsidiaries Cite-Amerique, Altau TuttiFrutti and Delphis Films (formerly FRV Media International), the Company creates, distributes and exploits dramatic content (TV series, made-for-TV movies and feature films), youth and children's programs, documentaries, sitcoms and magazine shows. It is also involved in dubbing and event coverage and recording.

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

Contact Information

  • FRV Media Inc.
    Alain Dufour
    Vice-President and Chief Financial Officer
    514-843-3355