Business NewsMarketWire • MPL Communications Inc.: Update on Court-Ordered Payment in Minority Shareholder Action

MPL Communications Inc.: Update on Court-Ordered Payment in Minority Shareholder Action

MPL Communications Inc.: Update on Court-Ordered Payment in Minority Shareholder Action

TORONTO, ONTARIO--(Marketwire - March 3, 2010) - MPL Communications Inc. (TSX VENTURE:MPZ) announces that its major shareholder Marpep Publishing Limited has proffered a combination of as much as $1 million in cash plus stock and debt to MPL totalling over $2.6 million including accrued interest to settle an order by an Alberta court given in early 2009.The independent members of the MPL board are considering these proposals.

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MPL Communications Inc.: Update on Court-Ordered Payment in Minority Shareholder Action