Core Viewpoint - MiMedia Holdings Inc. is initiating a non-brokered private placement to raise up to $6,000,000 through the sale of 24,000,000 subordinate voting shares at a price of $0.25 per share, alongside a new business development partnership with Credico aimed at expanding its market reach and enhancing revenue opportunities [1][2][5]. Group 1: Offering Details - The private placement will consist of up to 24,000,000 subordinate voting shares priced at $0.25 each, targeting gross proceeds of up to $6,000,000 [1]. - The net proceeds from the offering are intended to support growth initiatives, operations, and general working capital [5]. - The offering is subject to necessary approvals, including from the TSX-V, and may involve finders' fees for parties assisting in subscriber introductions [6]. Group 2: Partnership with Credico - MiMedia has formed a business development partnership with Credico, a leader in outsourced sales and customer acquisition, which has a strong presence in North America, Europe, India, and South Africa [2][9]. - Credico's founders are expected to personally invest a majority of the new offering, indicating strong confidence in MiMedia's potential [3]. - The partnership aims to leverage MiMedia's platform to provide innovative solutions for Credico's telecom clients, focusing on recurring revenue and customer retention [4]. Group 3: Company Overview - MiMedia Holdings Inc. offers a next-generation consumer cloud platform that secures personal media, providing seamless access across devices and operating systems [8]. - The platform is designed to enhance user engagement through rich media experiences and robust organization tools, catering to millions of users globally [8]. - MiMedia collaborates with smartphone manufacturers and telecom carriers to create recurring revenue streams and improve customer retention [8].