2013-03-13 17:42:53 -
CALGARY, ALBERTA - March 13th, 2013 - Platinum Communications Corp. (TSX-V: PCS) announces that it has obtained approval from the TSX Venture Exchange Inc. ("TSXV") to issue 111,111 common shares to a consultant of Platinum, in consideration of certain past services provided to Platinum. Platinum has also obtained approval from the TSXV to issue 262,222 common shares to certain executives of Platinum in consideration of certain past services provided to Platinum.
A total of 373,333 common shares have been issued at a deemed price of $0.09 each pursuant to statutory exemptions from the prospectus requirements under applicable securities laws. Resale restrictions will apply to these shares in accordance with applicable laws.
ABOUT PLATINUM COMMUNICATIONS
Platinum 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 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. The company serves more than 13,000 customers in over 180 communities from 176 service delivery locations, primarily in rural Alberta. Platinum uses licensed and unlicensed wireless broadband and fiber network that extends from the north of Edmonton to the Alberta/US border, covering more than 65,500 square kilometers. Platinum caters to rural and near-urban 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.
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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, CEO
Phone (403) 301-4591
Katherine Kirkup, CFO
Phone (403) 301-4594
To view this press release as a PDF file, please click on the following link: