VANCOUVER, March 28, 2012 /CNW/ - Intelimax Media Inc. ("Intelimax" or the "Company") (CNSX:IMD) wishes to announce up to $3 million non-brokered working capital private placement pursuant to which the Company will sell up to 10 million units of the Company at a price of CAD$0.30/unit. Each unit will be comprised of one common share and one share purchase warrant. Each warrant will be exercisable into an additional common share at a price of $0.60/share for a period of two years. In connection with this financing, the Company will pay a finder's fee to eligible finders in accordance with regulatory policies.
About Intelimax Media Inc.
Intelimax Media Inc. (www.intelimax.com) is an Internet media services company focusing on fantasy sports, online games, social media and web content. Using its proprietary Social Media Platform, Intelimax offers fantasy sports and subscription based gaming on its web properties DraftTeam.com and Gamboozle.com.
For and on behalf of the board of Intelimax Media Inc.,
Michael Young, President & Director
Forward Looking Statements:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Intelimax or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the ability of the Company to complete the proposed financing in whole or in part, the level of business and consumer spending, the amount of sales of Intelimax's products, the competitive environment within the industry, the ability of Intelimax to continue to expand its operations, the level of costs incurred in connection with Intelimax's expansion efforts, economic conditions in the industry and the financial strength of Intelimax's customers and suppliers. Intelimax does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Neither the CNSX Exchange nor its regulations services accepts responsibility
for the adequacy or accuracy of this release.
For further information:
Phone: 1-866-742-0121 Email: IR@Intelimax.com