July 30 (Reuters) - Orletto Capital II Inc OLTp.V :
* CONCLUSION OF AN AGREEMENT IN PRINCIPLE WITH RESPECT TO A QUALIFYING TRANSACTION BETWEEN ORLETTO CAPITAL II INC. AND MIMEDIA INC.
* ORLETTO CAPITAL II INC - PROPOSES A BUSINESS COMBINATION WITH MIMEDIA AT AN EXCHANGE RATIO OF 10% FOR SHAREHOLDERS
* ORLETTO - QUALIFYING TRANSACTION SUBJECT TO COMPLETION OF CONCURRENT PRIVATE/ PUBLIC PLACEMENT OF A MINIMUM OF $3 MILLION AND MAXIMUM $12 MILLION