Asia Media Group Corporation - Company Update.TORONTO--(BUSINESS WIRE)--Jan. 13, 1997--Asia Media Group Corp. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. .) The Company ("AMG AMG All Music Guide (music website) AMG All Media Guide (group of media websites) AMG All Movie Guide (Movie website) AMG Arzneimittelgesetz (German Law) ") announced today the subscription by the Poh family, approximately 32 percent shareholders of AMG, of $50,000 debentures convertible at the option of the holder into 1,000,000 common shares or the number of common shares calculated by reference to the average trading price Trading price The price at which a security is currently selling. . The moneys will be used by AMG to stabilize and restructure its operations including the solicitation of offers of joint venture by strategic or passive investors. CONTACT: Asia Media Group Corporation Mr. William E. Thomson, 416/ 947-1300 416/ 368-5454 (FAX) |
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