QYOU Media to Complete $1.4 Million (approx.) Private Placement
30 Agosto 2019 - 3:25PM
QYOU Media Inc. (TSXV: QYOU; OTCQB: QYOUF) (the “Company”) is
pleased to announce today that it expects to issue approximately
28,000,000 units of the Company (the “Units”) at a price of $0.05
per Unit, for gross proceeds of approximately $1,400,000. The
Company may elect to close on a higher or lower number of Units.
Each Unit will be comprised of one common share
in the capital of the Company, one-half of one common share
purchase warrant exercisable at $0.06 per share until September 30,
2020 and an additional one-half of one common share purchase
warrant exercisable at $0.10 per share until September 30,
2021.
It is anticipated that the closing of the
offering will occur on or about September 17, 2019.
Completion of the offering is subject to receipt
of TSX Venture Exchange approval. All of the securities issuable in
connection with the offering will be subject to a hold period
expiring four months and one day after the date of issuance.
The net proceeds of the offering will be used
for continued investment in the Company’s subsidiary, QYOU India,
and working capital for the Company.
The securities being offered pursuant to the
offering have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the “U.S.
Securities Act”), or any U.S. state securities laws and may not be
offered or sold in the United States absent registration or an
available exemption from the registration requirement of the U.S.
Securities Act and applicable U.S. state securities laws. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
such securities being offered pursuant to the offering in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
About QYOU
QYOU Media Inc. is a growing global media
company that curates and packages premium content from leading
digital video creators for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow,
QYOU’s millennial and Gen Z-focused products including linear
television networks, genre-based series, mobile apps, and
video-on-demand formats reaches more than 500 million people around
the world.
|
|
|
Contact
Information |
|
|
|
|
|
Zoe Mumba |
|
Natasha Roberton |
Platform Communications for
QYOU Media |
|
VP Marketing, QYOU Media |
+44 (0) 207 486 |
|
+49 152 2254 7680 |
holly@platformcomms.com |
|
tash@qyoutv.com |
|
|
|
Jeff Walker, |
|
|
Investor Relations for QYOU
Media |
|
|
+1 403 221 0915 |
|
|
jeff@howardgroupinc.com |
|
|
|
|
|
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of applicable
securities laws. Words such as “expects”, “anticipates” and
“intends” or similar expressions are intended to identify
forward-looking statements. The forward-looking statements
contained herein may include, but are not limited to, information
concerning the completion of the offering, the approval of the TSX
Venture Exchange of the offering and the listing of certain
securities being issued thereunder, the number of Units to be sold
by the Company and the expected use of proceeds from the offering.
These forward-looking statements are based on QYOU’s current
projections and expectations about future events and other factors
management believes are appropriate. Although QYOU believes that
the assumptions underlying these forward-looking statements are
reasonable, they may prove to be incorrect, and readers cannot be
assured that the offering and the closing thereof will be
consistent with these forward-looking statements. Actual results
could differ materially from those projected in the forward-looking
statements as a result of numerous factors, including certain risk
factors, many of which are beyond QYOU’s control. Additional risks
and uncertainties regarding QYOU are described in its
publicly-available disclosure documents, filed by QYOU on SEDAR
(www.sedar.com) except as updated herein. The forward-looking
statements contained in this news release represent QYOU’s
expectations as of the date of this news release, or as of the date
they are otherwise stated to be made, and subsequent events may
cause these expectations to change. QYOU undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
QYOU Media (TSXV:QYOU)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
QYOU Media (TSXV:QYOU)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024