10,000,000 Class A subordinate voting shares at a price of $3.00 per share for
aggregate gross proceeds of $30,000,000.
The underwriters have an option to acquire up to an additional 1,500,000 shares at
a price of $3.00 per share until June 29, 2001 to cover over-allotments, if any, and
for market stabilization purposes.
The offering was underwritten by a syndicate of dealers.
HMGI is a traditional and new media company focused on the specialty television
sector. HMGI intends to use the net proceeds of the offering to fund the further
development, expansion and operation of its wholly-owned specialty television
service.
