Key Developments: Platinum Communications Corp (PCS.V)

PCS.V on TSX Venture Exchange

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12 Apr 2013
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Latest Key Developments (Source: Significant Developments)

Platinum Communications Corp Terminates Xpanserv Acquisition
Monday, 1 Apr 2013 09:30am EDT 

Platinum Communications Corp announced that it has been unable to reach an agreement on satisfactory commercial terms with 1574002 Alberta Ltd. o/a XpanServ, a Wireless Internet Services Provider (WISP), and will not be proceeding with the previously announced acquisition of XpanServ's assets and customers. Platinum continues to investigate other accretive business opportunities in markets while it successfully integrates three previously announced acquisitions - MyCanopy, AlbertaHighSpeed and Community Networks.  Full Article

Platinum Communications Corp Completes Community Networks Acquisition
Monday, 4 Mar 2013 09:30am EST 

Platinum Communications Corp announced that it has completed a term loan financing of $2,000,000 at 12% from a private lender as well as the acquisition of Community Networks Ltd., o/a eFirehose, a regional Wireless Internet Services Provider (WISP) operating primarily in the North and East of Calgary, for $2,500,000. The acquisition of eFirehose strategically expands Platinum's reach to Balzac, Beiseker, Cheadle, Chestermere, Conrich, Dalemead, Delacour, Dewinton, Irricana, Langdon and Rockyford amongst others, as it boosts its subscriber base to 13,000.  Full Article

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.  Full Article

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