Look to Issue Subordinate Voting Shares in Payment of Interest on Outstanding De
The debentures bear interest at a rate of 7% per year and will mature in2013. Interest on the debentures is due semi-annually in arrears, on June 30and December 30 of each year. The record date for the interest payment isDecember 14, 2007. The number of subordinate voting shares to be issued anddelivered in payment of interest due will be determined by the Corporation inaccordance with the provisions of the secured trust indenture dated January30, 2004, pursuant to which the debentures were issued, and which wassubsequently amended on April 8, 2005.
The debentures are direct obligations of the Corporation and rank paripassu with all other subordinated, secured obligations of the Corporation.
About Look Communications Inc.
Look's mission is to be an M(3) - Mobile Multi Media - entertainment andinformation service provider in Ontario and Québec. The Corporation currentlydelivers a full range of communications services, including high-speed anddial-up Internet access, Web applications, digital television distribution,and superior customer service to both the business and residential markets.Look's shares are listed on the TSX Venture Exchange under the symbols "LOK"for Multiple Voting Shares and "LOK.A" for Subordinate Voting Shares. Look'swebsite may be found at .
The corporate information contained in this release includesforward-looking statements regarding future events and the future performanceof Look that involve risks and uncertainties that could cause actual resultsto differ materially. Assumptions used in the preparation of such information,although considered reasonable by Look at the time of preparation, may proveto be incorrect. The actual results achieved may vary from the informationprovided herein and the variations may be material. Consequently, there is norepresentation by Look that actual results achieved will be the same in wholeor in part as those forecasts.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information
Peter Block, Investor and Media Relations,, (403) 531-0331, (416) 586-0180
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