VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/06/15 — Quizam Media Corporation (“Quizam” or “the Company”) (TSX VENTURE: QQ), through its President Russ Rossi, today is pleased to announce that the transaction announced in the October 20th, 2015 News Release, whereby Quizam was to acquire a 10% interest in Aviron Group LLC, is now closed. All closing conditions have been satisfied, including the receipt of TSX Venture Exchange approval. All terms previously disclosed remain in place, with the exception of the term of the 12,250,000 share purchase warrants, which now have a term of five years, amended from a ten year term.
The common shares and share purchase warrants issued in consideration for the acquisition will have a four month hold period expiring March 6th, 2016. The warrants have an exercise price of $0.08 and expire November 6th, 2020.
About Quizam Media and Quizam Entertainment LLC
Quizam Entertainment LLC is a wholly owned subsidiary Quizam Media. Quizam Entertainment is a producer, aggregator, marketer, distributor and broadcaster of movie entertainment. In addition Quizam Media Corp. owns a 10% non-dilutable interest in Aviron Group LLC –
This news release may contain forward-looking statements including but not limited to comments regarding the timing and nature of potential acquisitions, joint ventures, partnerships, business dealings and financings, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Quizam Media Corporation
Russ Rossi
(604) 683-0020
(604) 683-0646 (FAX)
You must be logged in to post a comment Login