FRV Média Inc.
TSX VENTURE : FRV

FRV Média Inc.

August 03, 2006 14:37 ET

Le Fonds D'investissement Actions-Croissance PME Inc. Invests $500,000 in FRV Media Equity

MONTREAL, QUEBEC--(CCNMatthews - Aug. 3, 2006) - FRV Media Inc. ("FRV" or the "Company") (TSX VENTURE:FRV) is pleased to announce that Le Fonds d'investissement Actions-croissance PME Inc. (the "Fonds") has completed a private placement, announced on July 13, 2006, and invested $500,000 in new FRV equity. The offering was subject to the confirmation that FRV Media shares were eligible under the Quebec SMB Stock Growth Plan, a condition which has been met.

As per the private placement, the Fonds acquires 1,562,500 units at a price of $0.32 each, each unit consisting of one Class A share and a half warrant.

Each full warrant allows the Fonds to purchase one Class A share of FRV Media at a price of $0.40 until February 3, 2008. Pursuant to the terms of the placement, the Fonds thus acquired 1,562,500 Class A shares and 781,250 warrants. The Fonds must hold the securities issued as per this private placement at least until December 4, 2006.

"This placement by a professional investor is a sign of confidence in FRV's business plan," said FRV chief executive Richard Laferriere. "It will give us the funds we need to execute our business plan and pursue the Company's development."

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 three wholly owned subsidiaries Altau Tutti-Frutti, Cite-Amerique and Delphis Films, the Company creates and distributes 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.

Note: TSX Venture Exchange Inc. is not responsible for the relevance or accuracy of the contents of this news release.

Contact Information

  • FRV Media Inc.
    Alain Dufour
    Vice-President and Chief Financial Officer
    (514) 843-3355
    adufour@frvmedia.com