who are u going to listen ...puckfacebaggie or...stratgic investor graphic media
iSIGN Announces a Private Placement with GraphicMedia, Inc.
(via Thenewswire.ca)
TORONTO, ONTARIO - February 13, 2013 - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTCQX: ISDSF), a leading provider of interactive mobile advertising solutions that serves advertisers, manufacturers, retailers and advertising agencies throughout North America, is pleased to announce a non-brokered private placement of $250,000 in units ("Units") of the Corporation with GraphicMedia, Inc., subject to the approval of the TSX Venture Exchange.
Each Unit will consist of one common share at $0.30 ("Unit Share") and one common share purchase warrant ("Warrant") of the Corporation. Each Warrant will be exercisable into one additional common share of the Corporation for a period of 24 months from the date of issuance at an exercise price of $0.45 per common share.
"This private placement coming from our US distributor, GraphicMedia, Inc., is a solid indication of their belief in the future success of our company and their desire to participate in our success," stated Alex Romanov, iSIGN's Chief Executive Officer.
"Our negotiations with the US based investor group in the previously announced strategic private placement are proceeding and we expect an announcement of the successful closing of these negotiations shortly," added Mr. Romanov.
"We are moving forward with solid success in our negotiations with an ever increasing number of potential Smart Antenna customers, as well as working closely with our current partners, Keyser Retail Solutions and National Oil, to expand into significantly larger footprints within the next six months," stated Ron Leman, GraphicMedia's Chief Executive Officer and President. "We are encouraged by the response we are getting in our presentations and have decided to express our confidence with this initial investment in iSIGN."
The issue proceeds will be used for general working capital and the manufacturing of the Company's Smart Antennas