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OMT Raises Additional Capital

OMT Raises Additional Capital

On the business page, OMT Inc., which makes MediaTouch products, said its board approved a plan to raise additional capital to fund growth and simplify its capitalization structure. It put the value of the new and restructured financing at $5.7 million to $6.5 million.
President and CEO Scott Farr said the financing demonstrates the company’s commitment to the radio broadcasting industry and allows it to accelerate the growth of its Intertain digital media entertainment
services. The Canadian company is based in Winnipeg, Manitoba; its stock trades on a Canadian public venture capital exchange.
The financing is by ENSIS Growth Fund Inc., ENSIS Investment Limited Partnership, Renaissance Capital Manitoba Ventures Fund Limited Partnership and Wellington West Capital Inc.