ComTel Corporation Limited (ASX:CMO) Announce Debt Restructuring and Proposed Capital Raising

  Sydney, Australia, Sept 22, 2008 - (ABN Newswire) - The Directors of ComTel Corporation Limited (ASX:CMO)(PINK:CMMEF) are pleased to announce that the company has reached agreement with Co-Investor Capital Partners Pty Ltd (Co- Investor) whereby Co-Investor will, subject to certain conditions being met, refinance ComTel's existing senior debt, take a placement of new ordinary shares, and underwrite a proposed rights issue. Co-Investor (www.  

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