QYOU Media to Complete $1.8 Million Private Placement
29 Junio 2020 - 4:04PM
QYOU Media Inc. (TSXV: QYOU; OTCQB: QYOUF) (the “Company”) is
pleased to announce today that it expects to issue approximately
60,000,000 units of the Company (the “Units”) at a price of $0.03
per Unit, for gross proceeds of approximately $1,800,000. 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 and one-half of one common share
purchase warrant, with each whole warrant exercisable at $0.05 per
share until June 30, 2022.
It is anticipated that the closing of the
offering will occur on or about July 10, 2020.
In connection with the offering, the Company may
compensate certain persons in consideration for introducing
purchasers to the Company by way of a finders’ fee comprised of a
cash payment equal to up to 7.0% of the aggregate gross proceeds
from the sale of the Units to such purchasers introduced by the
respective finder and compensation options to purchase Units equal
to up to 7.0% of the aggregate number of Units sold to such
purchasers introduced by the respective finder.
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 in
accordance with Canadian securities laws and are also subject to
the Exchange Hold Period (as defined in the policies of the TSX
Venture Exchange) and will be legended accordingly.
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 is a growing global media company
powered by creators and social influencers. We curate, package and
market premium content from leading digital video creators and
social stars for multi-screen & multi-platform distribution.
Founded and created by industry veterans from Lionsgate, MTV,
Disney and Sony. QYOU’s millennial and Gen Z-focused products
include linear television networks, genre-based series, influencer
marketing campaigns, mobile apps, and video-on-demand formats. QYOU
Media content reaches more than 600 Million consumers around the
world. Experience our work at www.theqindia.com and
www.qyoumedia.com.
Contact Information
Nicole KotykPaterson
Partnersnicolekotyk@patersonpartners.com+1 647 693 7380 ext.
317
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