Last updated on April 16, 2014 at 17:34 EDT

Mediagrif Closes its $35 million Private Placement of Common Shares

December 6, 2012



LONGUEUIL, QC, Dec. 6, 2012 /CNW Telbec/ – Mediagrif Interactive
Technologies Inc. (“Mediagrif”) (TSX: MDF), a world-leading provider of
e-commerce solutions, announced today that it has closed its previously
announced private placement of common shares.

As a result, Mediagrif has issued and sold 2 million common shares at a
price of $17.50 per share, for gross proceeds of $35 million
(the ”Offering”) through a syndicate of underwriters lead by National
Bank Financial Inc.

The company intends to use the net proceeds from the Offering to reduce
its indebtedness and for general corporate purposes.

The Offering was completed on a private placement basis pursuant to
“accredited investor” exemptions under National Instrument 45-106 and
certain other available and agreed upon exemptions.

This press release is not an offer to sell or the solicitation of an
offer to buy securities in the United States. The Shares being offered
have not been and will not be registered under the United States Securities Act of 1933 and, accordingly, will not be offered, sold or delivered, directly or
indirectly, within the United States, absent an exemption from

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: PR Newswire