Key Developments: Platinum Communications Corp (PCS.V)

PCS.V on TSX Venture Exchange

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30 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Platinum Communications Corp completes $6.5 mln financing
Monday, 3 Feb 2014 09:30am EST 

Platinum Communications Corp:Says it has closed a financing of $6,500,000 with the Alberta Treasury Branches (ATB) consisting of new term loan; a revolving line of credit for large capital projects; and, a mergers and acquisition line.Says use of proceeds includes consolidating five of its current term loans and vendor take backs to reduce both administration and annual debt servicing costs.Says it will also use proceeds for company's working capital that frees up more cash to expand its commercial sales activities.  Full Article

Platinum Communications Corp completes acquisition of Pathcom
Friday, 10 Jan 2014 04:22pm EST 

Platinum Communications Corp:Says it has completed the previously announced acquisition of the management group, engineering team and operating assets of Pathcom Wireless Inc for $800,000 by payment of $600,000 cash and a promissory note for $200,000.  Full Article

Platinum Communications Corp Completes Acquisition
Friday, 1 Nov 2013 09:00am EDT 

Platinum Communications Corp announced that it has closed the acquisition of network assets and customers in East Central Alberta from Hybrid Wireless Inc. for $300,000.  Full Article

Platinum Communications Corp To Acquire Wireless EPC Firm
Wednesday, 16 Oct 2013 09:30am EDT 

Platinum Communications Corporation announced that it has entered into a Letter of Intent to acquire the management group, engineering team and operating assets of Pathcom Wireless Inc. (Pathcom) for $800,000. This acquisition, which is subject to the execution of a formal agreement, is expected to close within the next 90 days, and is subject to due diligence and other closing conditions that are standard for this type of transaction.  Full Article

Platinum Communications Corp Acquires Customers And Assets
Wednesday, 18 Sep 2013 09:30am EDT 

Platinum Communications Corporation announced that it has entered into a Letter of Intent to acquire fixed wireless network assets and residential customers in Southern Alberta from Hybrid Wireless Inc., a builder of microwave transport networks. This acquisition, which is subject to the execution of a formal agreement, is expected to close within the next 60 days. The purchase price of $350,000 is subject to due diligence and other closing conditions that are standard for this type of transaction.  Full Article

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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