2014-02-25 01:15:14 -
Calgary, Alberta CANADA, February 24, 2014 /FSC/ - Platinum Communications Corporation("Platinum" or the "Corporation") (TSX-V: PCS) today announced that subject to approval from the TSX Venture Exchange Inc. ("TSXV"), it has agreed to issue 66,666 common shares to a consultant of Platinum, in consideration of certain past services provided to Platinum. Platinum has also requested approval from the TSXV to issue 415,052 common shares to certain executives of Platinum in consideration of certain past services provided to Platinum.
A total of 481,718 common shares will be issued at a deemed price of $0.15 each pursuant to statutory exemptions from the prospectus requirements under applicable securities laws. Resale restrictions will apply to these common shares in accordance with applicable laws.
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) has reviewed or accepts responsibility for the adequacy or accuracy of this news release.
For further information please contact:
Bernard Parkinson, CEO
Phone (403) 301-4591
Katherine Kirkup, CFO
Phone (403) 301-4594
Source: Platinum Communications Corporation (PCS) www.platinum.ca
To view this press release as a PDF, please click on the following link:
Source: Platinum Communications Corporation (TSX-V: PCS) www.platinum.ca
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