ooops... should've put it here. There we have it! $1.5M @ 1.43c,...

ooops... should've put it here.

There we have it! $1.5M @ 1.43c, and NOT taking the remaining $300k CN!!! Bloody great news!!!

The Board of Directors of TV2U International Limited (ASX TV2: “TV2U”) advises that the Company has completed a placement to Sophisticated Investor, Cancun Trading Pty Ltd, of 105 million fully paid ordinary shares at 1.43 cents per share raising $1.50 million.

Funds raised from this placement will be used to further advance TV2U’s projects in Brazil and Indonesia and for sundry working capital expenses.

The Company will issue the 105 million fully paid ordinary shares pursuant to its capacity under Listing Rule 7.1, with settlement of the Placement to occur immediately.

TV2U’s Chairman and CEO Mr. Nick Fitzgerald: advised as follows:
The projects in both Brazil and Indonesia are progressing well and we have a range of other opportunities that have become available. By accepting this investment, the Company now has sufficient funds to consider these opportunities. We have been able to negotiate a premium (approximately 20%) on the current price which indicates the investors strong support for the Company and its projects.

PLACEMENT DETAILS:
Number
Current Issue Ordinary Shares 1,798,369,127
Placement Ordinary Shares 105,000,000
Projected Total Issued Ordinary Shares 1,903,369,127

CONVERTIBLE NOTES – TRANCHE E
TV2U also wishes to announce that it has elected NOT to proceed with the final $300,000 worth of Tranche E Convertible Notes with MEF I, L.P. The Company would like to take this opportunity too thank MEF for their support over the last 12 months.