Intercable secures financing through May

MONTREAL – Canadian telecommunications company Intercable has lined up a temporary overdraft bridge facility of two million Euros (approximately $2.75 million) for its subsidiary Intercable Africa Ltd. (ICA).Repayable on May 31, 2010, ICA has already received its first drawdown of 500,000 Euros (approximately $687,000). A second drawdown of 1,500,00 Euros (approximately $2,061,000) is anticipated to be received prior to the end of April upon completion of certain conditions, including the finalization of a first ranking priority on certain assets of ICA, no adverse material changes with respect to the operations of ICA and other standard conditions for this type of...