Intertainment Announces Gypsy Swap
TORONTO, CANADA--(Marketwire - Aug. 28, 2012) -Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) announces that David Lucatch, a director and officer of Intertainment, together with an arm's length shareholder, have subscribed for a CDN$2,500,000 direct investment in the Company by way of the proposed non-brokered private placement of the Company announced on August 28, 2012.
In connection with the investment, 12,500,000 shares of common stock were sold to Crede CG II, Ltd., an international fund based in Bermuda that has completed investments throughout North America, Europe and Australia. The transaction was completed at
.20 per share, through the facilities of the TSX Venture Exchange.
Crede Capital Group (CCG). Since its inception in June 2009 to December 2011, CCG has provided companies with capital commitments and funding in excess of $600 million. Peizer’s Crede Capital Group often invests in companies and then works with the companies to build a bigger business and company
Mr. Peizer has a background in venture capital, investing, Mergers and Acquisitions, corporate finance, and previously held senior executive positions with the top investment banking firms Goldman Sachs, First Boston and Drexel Burnham Lambert. Mr. Peizer received his B.S.E. in Finance from The Wharton Business School of the University of Pennsylvania.
Mr. Peizer has been called "One of Wall Street’s top players" and has frequently noted the importance of his Midwestern family values in various interviews. Peizer has exhibited a humble and modest lifestyle consistent with his Midwestern upbringing.