WinSonic Digital Media Group, a facilities-based digital media company, has completed a USD5m equity funding facility with Georgia-based Roswell Capital Partners.

Roswell has committed to purchase, over a period of two years, shares of the company's common stock for cash consideration, up to an aggregate of USD5m.

The equity funding facility is a flexible financing instrument that places WinSonic in control of how and when it raises equity. WinSonic can privately place its common shares as strategic opportunities arise and equity financing is attractive to the company. The agreement does not prohibit the company from raising additional debt or equity financings, other than financings that duplicate the terms and structure to the agreement.

Paul Gorski, senior investment officer at Roswell, says: "We are very excited to be working with WinSonic and look forward to providing them with the necessary capital and support to achieve their potential in the coming years."

"WinSonic is excited to work closely with Roswell Capital on this financing and looks forward to exploring additional opportunities with previous financing partners," adds Winston Johnson, chairman and chief executive of WinSonic Digital Media Group.