PLNI - Game Over Message Board

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Microcap & Penny Stocks : PLNI - Game Over

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To: tonto who wrote (6466)	9/5/2006 2:15:05 PM
From: scion	Read Replies (1) of 12518

ADVFN buys InvestorsHub.com, SI Holdings for 3 mln usd LONDON (AFX) - ADVFN PLC said it has agreed to acquire InvestorsHub.com Inc and SI Holdings, LLC for 3 mln usd in cash. InvestorsHub.com Inc and SI Holdings, LLC operate two online investment community websites in the North American market, which have over 58 mln combined page views a month. These financial websites are very similar to ADVFN in both content and context and are highly complementary to ADVFN's current business model, the company added. ADVFN has also today entered into a placing agreement with Mirabaud Securities Ltd under which Mirabaud has agreed to use reasonable endeavours to raise an aggregate of up to 2.9 mln stg by the issue of up to 98,166,667 new ordinary shares in the company at 3 pence each. The fund raising is conditional on the acquisition agreement becoming unconditional in all respects. The proceeds of the placing will be used to fund the acquisition, with the balance for general working capital purposes. newsdesk@afxnews.com slm advfn.com Congratulations to all are in order.

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