MONTREAL, June 29, 2011 /CNW Telbec/ - Télémédia Inc. ("Télémédia"), an
entity controlled by Philippe de Gaspé Beaubien III, announces the
purchase of 813,465 common shares of Redline Communications Group
Inc.("Redline") from a shareholder of Redline (the "Vendor") by way of
a private agreement. The Offeror paid a purchase price of $406,732.50.
Such common shares represent 3.8% of the total number of issued and
outstanding common shares of Redline.
Upon completion of the transaction, the Offeror, together with Philippe
de Gaspé Beaubien III, held 3,998,959 common shares of Redline
representing approximately 18.8% of the then issued and outstanding
The acquisition was made for investment purposes and the Offeror,
together with Philippe de Gaspé Beaubien III, may acquire additional
securities, or dispose of their resctive holdings in Redline, as
investment conditions warrant.
SOURCE TELEMEDIA INC.
For further information:
Télémédia Inc. has its head office at 1 place Ville-Marie, Suite 3333, Montréal (Québec), H3B 3N2, Canada. For further information, including a copy of the early warning report, please contact Me Edith Jacques at (514) 878-5622.