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Platinum Communications Corp To Acquire Community Networks-Canada Stockwatch News


Wednesday, 12 Dec 2012 09:37am EST 

Canada Stockwatch News reported that Platinum Communications Corp. has entered into a letter of intent to acquire Community Networks Inc., a fixed wireless Internet services provider adjacent to and complementing Platinum's fixed wireless network covering the communities of Airdrie, Beiseker, Rockyford, Irricana and Strathmore, amongst others. This acquisition, which is subject to the approval of the TSX Venture Exchange and the negotiation of a formal agreement, is expected to close within the next 120 days. The purchase price of $2.5-million is subject to due diligence and other conditions that are standard for this type of transaction. 

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21 Jul 2014