Liquid Media Group Ltd. to Begin Trading on Nasdaq as YVR
13 Agosto 2018 - 6:57AM
Liquid Media Group Ltd. (formerly Leading Brands, Inc.; NASDAQ:
LBIX) (the “Company”) will begin trading on NASDAQ under its
new ticker symbol “YVR” at the opening of the market on Monday,
August 13, 2018.
The Company’s name change was made following the
closing of the previously announced plan of arrangement with Liquid
Media Group (Canada) Ltd. (formerly Liquid Media Group Ltd.)
(“Liquid Canada”), pursuant to which the Company
acquired 100% of the shares of Liquid Canada in exchange for
6,442,486 shares of the Company (the
“Arrangement”). Following the closing of the
Arrangement, former shareholders of Liquid Canada hold 69.7% of the
Company’s issued and outstanding shares.
The name change represents the Company’s
intention to carry on Liquid Canada’s business following the
Arrangement as a media and entertainment company connecting mature
production service companies into a vertically integrated global
studio, and producing content for all platforms.
The Company changed its ticker symbol from LBIX
to YVR following the Arrangement to reflect its new name and
business. The name change has also resulted in a change to the
CUSIP number for the Company’s outstanding common shares. The new
CUSIP is 53634Q105. Outstanding share certificates for the
Company’s common shares, which reflect the former name of the
Company, will continue to be valid and need not be exchanged.
Full details of the Arrangement and certain
other matters are set out in the joint management information
circular of the Company and Liquid Canada dated June 8, 2018 (the
"Information Circular"). A copy of the Information
Circular and other meeting materials can be found under both the
Company's and Liquid Canada’s profiles on the SEDAR website at
www.sedar.com.
About the Company
The Company will carry on Liquid Canada’s
business as a media and entertainment company that is connecting
mature production service companies into a vertically-integrated
global studio, producing content for all platforms including film,
TV, gaming and VR, through its network of shared services.
On behalf of the board of directors of the
Company
“Charles Brezer”
Charles
BrezerDirectorFor additional
information regarding the Company, contact:Daniel
Cruz778-840-4571Email: info@liquidmediagroup.co
Forward Looking Statements
This news release contains certain
forward-looking information as defined in applicable securities
laws (referred to herein as "forward-looking statements"). More
particularly and without limitation, this news release contains
forward-looking statements and information concerning the continued
listing of the Company’s common shares on NASDAQ, which is not
guaranteed and which is dependent on the Company obtaining a
positive decision from the Nasdaq Hearing Panel, as more fully
described in the Company’s news release from August 2, 2018. These
forward-looking statements reflect the expectations or beliefs of
management of the company based on information currently available
to it. Forward-looking statements are subject to a number of risks
and uncertainties, including those detailed from time to time in
filings made by the Company with securities regulatory authorities,
which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements.
The forward-looking statements and information
contained in this news release are made as of the date hereof and
the Company undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result
of new information, future events or otherwise, unless so required
by applicable securities laws.
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