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Planetlink Closes Bridge Financing and Changes Name to DnC Multimedia Corporation
Wednesday December 12, 4:10 pm ET
CUMMING, GA--(MARKET WIRE)--Dec 12, 2007 -- PlanetLink Communications Inc. (OTC BB PLKC.OB - News) announced that it has completed a bridge financing transaction to provide interim operating capital and facilitate a private offering in early 2008. Gross proceeds of the funding were $500,000. Additionally, the Company filed with the Georgia Secretary of State to change its name to "DnC Multimedia Corporation" earlier today.
Robert Lau, CFO of Planetlink, commented, "We are very excited about closing this bridge financing because it enables us to get to the next level operationally and to launch a private equity raise of approximately $10 million in January 2008."
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