MetroBridge Completes Offering
MetroBridge Networks is pleased to announce that it has successfully completed the reverse take over of Huntingdon Capital
August 7, 2007
VANCOUVER -- MetroBridge Networks International Inc., a premier high-speed wireless broadband provider for business in British Columbia with operations in Arizona, is pleased to announce that it has successfully completed the reverse take over of Huntingdon Capital Inc.
MetroBridge is also pleased to announce the closing of its previously announced public offering of units at $0.60 per unit for total gross proceeds of approximately $8.0 million. Each Unit consists of one common share and one common share purchase warrant, exercisable for a period of 24 months at $0.65.
Dave King, President and CEO of MetroBridge said, "We are very pleased to complete the significant milestone of having our company become publicly traded and we look forward to building shareholder value through the execution of our business plan. The proceeds of the offering will enable MetroBridge to execute its growth strategy, which includes acquisitions and aggressive organic growth in North American markets. We can expand rapidly because our wireless deployment model is less expensive and quicker to deploy than traditional broadband over wire-line and fiber."
MetroBridge Networks Corp.
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