Vancouver: The Working Opportunity Fund, a b.c. union-backed venture capital pool, has increased its investment in Vidatron Entertainment Group – the Vancouver-based producer of series Dead Man’s Gun, First Wave and So Weird – and has purchased a $600,000 debenture.

The bond is non-convertible to equity and matures Oct. 21, 2000, when it is repaid to wof with 10% interest.

The investment, however, does come with warrants to buy 125,000 common shares at $2.50 each by Oct. 21, 2000. Fully exploited, the warrants will add $312,500 to Vidatron’s cash flow and increase wof’s current holdings in the company from 10.6% to 12.1%, based on today’s volume of outstanding common shares.

On Nov. 9, Vidatron was trading at $2.40 per share on the Toronto Stock Exchange.