International Datacasting Corporation Announces Repayment of Secured Notes
/EINPresswire.com/ -- OTTAWA, ON--(Marketwired - January 11, 2016) - International Datacasting Corporation (TSX VENTURE: IDC) is pleased to announce the repayment of the $0.9 million outstanding secured notes, including accrued interest, which were issued July 6, 2015, under a private placement and matured today. The repayment was made from IDC's available cash position which was approximately $2 million at the end of December 31, 2015. The common share purchase warrants issued in connection with the private placement also expired today.
About International Datacasting Corporation:
International Datacasting Corporation (TSX VENTURE: IDC) is a global technology provider for the world's premiere broadcasters in radio, television, data and digital cinema. IDC's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, VOD, and IPTV. IDC is headquartered in Ottawa, Canada. For more information visit: www.datacast.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT:
Steve Archambault
Executive VP & CFO
International Datacasting Corporation
+1 613 596 4120 Ext. 2296
sarchambault@datacast.com
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