Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Appreciated Media Holdings Inc. (TSXV: AMH) (OTCQB: AMEFF) ("Appreciated Media" or the "Corporation") is pleased to announce that the Corporation has entered into a debt settlement agreement pursuant to which the Corporation will settle $120,000 of debt through the issuance of units of the Corporation (the "Units").
Pursuant to the debt settlement agreement and subject to the approval of the TSX Venture Exchange, the Corporation will settle an aggregate of $120,000 in debt through the issuance of 923,077 Units at a deemed price of $0.13 per Unit. Each Unit will be comprised of one common share in the capital of the Corporation (a "Common Share") and one common share purchase warrant (a "Warrant") entitling the holder thereof to acquire one additional common share at an exercise price of $0.25 per share for a period of one year from the date of issuance.
All Common Shares and Warrants issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
About Appreciated Media Holdings Inc.
Appreciated Media (TSXV: AMH) (OTCQB: AMEFF) is a multi-faceted entertainment company based in Vancouver. The Appreciated Media team is extremely well-versed in a variety of entertainment delivery platforms and is fast becoming a top-tier entertainment company.
Neither the TSX Venture Exchange Inc. ("Exchange") nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend," statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Appreciated Media's control and Appreciated Media's actual results could well differ materially from those stated or implied in forward-looking statements due to many various factors. Although Appreciated Media believes that the expectations reflected in the forward-looking statements are reasonable, Appreciated Media cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today's date, and Appreciated Media undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further details, please see the Corporation's documents filed under the Corporation's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.
For inquiries, please contact:
Stephen Brown, Chief Executive Officer
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67081