Canwest Completes Sale of its Score Media Inc. Holdings.WINNIPEG -- Canwest Global Communications CanWest Global Communications Corp. TSX: CGS TSX: CGS.A NYSE: CWG is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba, at the tallest building (CanWest Global Place) in the city and it is on the Corp. today announced that its subsidiary, CW Media Inc. ("CW Media "), has received gross proceeds of approximately $6.6 million as a result of tendering its 16.6 million shares in an issuer bid by Score Media Inc. ("SMI (1) (Storage Management Initiative) The initiative developed by the SNIA in 2003 to create a single standard interface for storage management technologies used by multiple vendors and networking communities. "). On March 2, 2009 Canwest and CW Media sold 9.0 million Class A Shares at $0.40 per share by way of private placement with gross proceeds of $1.6 million going to Canwest and $2.0 million to CW Media. CW Media intends to now convert its outstanding 4,434 Special Voting Shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of SMI into Class A Shares and sell them in the open market. About Canwest Global Communications Corp. Canwest Global Communications Corp. (www.canwest.com), (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : CGS CGS centimeter-gram-second system. CGS or cgs abbr. centimeter-gram-second system. CGS, c.g.s. and CGS.A,) an international media company, is Canada's largest media company. In addition to owning the Global Television Network, Canwest is Canada's largest publisher of English language daily newspapers and owns, operates and/or holds substantial interests in conventional television, out-of-home advertising, specialty cable channels, web sites, radio stations and networks in Canada, New Zealand, Australia, Turkey, Indonesia, Singapore, the United Kingdom and the United States. |
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