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Share Name | Share Symbol | Market | Type |
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TSXV:PCS | TSX Venture | Common Stock |
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Platinum Communications Corporation (TSX-V: PCS) announced today that the Company has closed a financing of $6,500,000 with the Alberta Treasury Branches (ATB) consisting of new term loan; a revolving line of credit for large capital projects; and, a mergers and acquisition line.
Platinum’s use of proceeds includes:
ABOUT PLATINUM COMMUNICATIONSPlatinum Communications Corporation (TSX-V: PCS) is a leading provider of superior quality fixed wireless Internet and Broadband solutions in Alberta. Based in Calgary, Platinum operates a custom-built wireless broadband network that utilizes Next-Generation WiMax technology to bring fast, reliable and affordable Internet services and digital phone solutions to residents and businesses across the Province using licensed and unlicensed spectrum that extends from north of Grande Prairie to the Alberta/US border and from Medicine Hat to Banff. Platinum caters to urban, rural and remote markets that are often beyond the reach of traditional Internet providers. For more information, please visit our website at www.platinum.ca or call 403-301-4591.
This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors or uncertainties, many of which are beyond Platinum's control. Some of these risks and uncertainties may be described in Platinum's corporate filings (posted at www.sedar.com). Platinum has no intention or obligation to update or revise any forward-looking statements due to new information or events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For further information please contact:
Bernard Parkinson, CEOPhone (403) 301-4591
Kathy Kirkup, CFOPhone (403) 301-4594
Platinum Communications Corp.Bernard D. Parkinson, 403-301-4591CEObparkinson@platcom.caorKathy Kirkup, 403-301-4594CFO
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