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

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.)