Knightscove Media Corp. announces completion of a private placement



    TORONTO, Oct. 9 /CNW/ - Knightscove Media Corp. (TSXV: `KC.A' and `KC.B')
("Knightscove" or the "Company") is pleased to announce that it has completed
its private placement offering of 400,000 units (each a "Unit") at a price of
C$0.25 per Unit for aggregate gross proceeds of C$100,000. The private
placement is subject to the final approval of the TSX Venture Exchange.
    Each Unit consists of one subordinate voting share of Knightscove
("KC Share") and one subordinate voting share purchase warrant ("Warrant"),
each Warrant entitling the holder to acquire one KC Share upon payment of
C $0.50 per share for a term of two years. The securities issued were
purchased by an accredited investor with the Company acted on its own behalf,
therefore no commission or broker fee was paid in association with this
closing. The Units are subject to a hold period extending until November 24,
2008.
    The Company continues to explore additional financing endeavours to
enhance its existing lines of business and to support various corporate and
film library acquisition opportunities.
    Knightscove has 10,646,475 subordinate voting shares and
9,747,904 multiple voting shares outstanding. Additional information regarding
the business of Knightscove may be found filed on SEDAR at www.sedar.com.
    These securities have not been registered under the U.S. Securities Act
of 1933, as amended, and may not be offered, sold or resold in the United
States or to a U.S. person absent registration or an applicable exemption from
the registration requirements.

    
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release or the
    information contained herein.
    





For further information:

For further information: Spinnaker Capital Markets Inc.: Ali Mahdavi,
Partner, (416) 962-3300; Knightscove Media Corp.: Leif Bristow, President and
CEO, (416) 444-7900 x222; or Annette Grot, VP Finance, (416) 444-7900 x231

Organization Profile

KNIGHTSCOVE MEDIA CORP.

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