Or to U.S. News Agencies Metrobridge Networks International Inc.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
METROBRIDGE NETWORKS INTERNATIONAL INC.
45 West 7th Avenue Vancouver, British Columbia V5Y 1L4 Tel. No. (604) 628-1240 ♦ Fax No. (604) 628-2650
Metrobridge Announces Private Placement Financing
Vancouver, British Columbia – September 7, 2010 – Metrobridge Networks International Inc. (the “Company”) announces a proposed non-brokered private placement of up to 8,000,000 units (the “Units”) at a per Unit price of $0.05 for gross proceeds of up to $400,000. Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase an additional common share at a per share price of $0.10 for a period of five years from the date of completion of the offering. Finder’s fees in amounts yet to be determined may be paid to persons who introduce the Company to investors.
Shares acquired by the placees, and shares which may be acquired upon the exercise of the share purchase warrants, will be subject to a hold period of four months plus one day from the date of completion of the offering in accordance with applicable securities legislation. The proceeds of the private placement will be used for general corporate purposes.
For further information please contact:
Martin Bajic, Chief Financial Officer Tel: (604) 628-1240 Fax: (604) 628-2650
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
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