Quantcast
Last updated on April 19, 2014 at 8:32 EDT

Mediagrif Announces Exercise of Underwriters’ Option

November 26, 2012

TSX: MDF
www.mediagrif.com

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/

LONGUEUIL, QC, Nov. 26, 2012 /CNW Telbec/ – Mediagrif Interactive Technologies Inc. (“Mediagrif”) (TSX: MDF), a
world-leading provider of e-commerce solutions, announced today that,
in connection with its recently-announced private placement of 1.7
million common shares, the underwriters have exercised their option
(the “Underwriters’ Option”) to purchase an additional 286,000 shares
at a price of $17.50 per share. Mediagrif will receive gross proceeds
of approximately $5.0 million from the exercise of the Underwriters’
Option, increasing the total size of the private placement to $35.0
million. Closing of the Underwriters’ Option will take place
concurrently with the closing of the private placement, both of which
are expected to occur on or about December 6, 2012.

About Mediagrif Interactive Technologies Inc.

Mediagrif Interactive Technologies Inc. (TSX: MDF) delivers innovative e-commerce solutions to businesses since
1996. Its web platforms enable clients to find, purchase and sell
products, exchange information, gain access to business opportunities
and manage supply chain collaboration with greater speed and
efficiency. The Company provides e-commerce solutions in the fields of
electronic components, computer equipment and telecommunications,
medical equipment, automotive aftermarket, wine & spirits, diamonds and
jewelry, classified ads, supply chain collaboration and government
opportunities. Mediagrif has its headquarters in Longueuil and has
offices in North America and Asia. For more information, please visit
us at www.mediagrif.com or call 1 877 677-9088.

Forward-Looking Statements

This press release contains certain forward-looking statements with
respect to the Company. These forward-looking statements, by their
nature, necessarily involve risks and uncertainties that could cause
actual results to differ materially from those contemplated by these
forward-looking statements. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution the
reader that these assumptions regarding future events, many of which
are beyond our control, may ultimately prove to be incorrect since they
are subject to risks and uncertainties that affect us. We disclaim any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by applicable securities legislation.
Unless otherwise indicated, all amounts are in Canadian dollars.

SOURCE MEDIAGRIF INTERACTIVE TECHNOLOGIES INC.


Source: PR Newswire