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Financings

MiMedia Announces Closing of Non-Brokered Private Placement of $6,000,000

By The Northwire Desk — AI Analysis Mar 09, 2026 · 07:16 MIM · 0.25 MiMedia Holdings Inc.
MIM · Price

Executive Summary

  • MiMedia Holdings Inc. closed a non‑brokered private placement of 24,000,000 subordinate voting shares at $0.25 per share, generating gross proceeds of $6,000,000.
  • Net proceeds are earmarked to fund growth initiatives, operational expansion, and general working capital.
  • The offering remains subject to final TSXV approval; all issued securities will be subject to a statutory hold period of four months and one day.

Key Details

  • Offering Size: 24,000,000 subordinate voting shares.
  • Price per Share: $0.25.
  • Gross Proceeds: $6,000,000.
  • Use of Proceeds: Support growth initiatives, operational expansion, and general working capital.
  • Regulatory Conditions: Final approval required from the TSXV; statutory hold period of 4 months + 1 day applies to all securities issued.
  • Offering Structure: Non‑brokered private placement; shares are subordinate voting shares.
  • Legal Disclaimer: Offering not registered under U.S. securities laws; cannot be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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