June 22, 2017 / 6:57 PM / a month ago

BRIEF-POSTMEDIA ANNOUNCES THE SALE OF INFOMART TO MELTWATER NEWS INC

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June 22 (Reuters) - Postmedia Network Canada Corp

* Press Release - Postmedia Announces the Sale of Infomart

* Deal for Gross Proceeds of $38.25 Million

* Net Proceeds from Sale Will Be Used for Debt Repayment

* AMOUNT EQUAL TO 15% OF PURCHASE PRICE WILL BE PAID INTO ESCROW TO SATISFY CLAIMS ARISING UNDER PURCHASE AGREEMENT

* INCLUDED IN TRANSACTION ARE INFOMART'S MEDIA MONITORING BUSINESS, DIRECT FEED BUSINESS, PROFESSIONAL SERVICES OPERATIONS

* CO'S UNIT POSTMEDIA NETWORK TO SELL ITS MEDIA MONITORING DIVISION INFOMART TO MELTWATER NEWS CANADA Source text for Eikon: Further company coverage:

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