Yangaroo Receives Approval For Bonus Warrants
07 Outubro 2013 - 4:42PM
Access Wire
TORONTO, CANADA -
YANGAROO Inc. (TSX-V:
YOO, OTC: YOOIF), the industry's leading secure digital media
management company (the "Company"), wishes to announce
that it has received TSX-Venture Exchange (the "Exchange") approval
to issue the Bonus Warrants (as defined in a news release dated
October 1, 2013 [the "Oct 1 Release"]). As a result of certain
regulatory requirements, the Company will be issuing a portion of
those Bonus Warrants, originally anticipated to be issued under
Exchange Policy 5.1 ("Policy 5.1"), instead under the Shares for
Debt Transaction (as defined in the Oct 1 Release). In line with
the Company's original offer, each debenture holder whose
debentures have been amended will receive a one-half of one warrant
for every $1.00 of indebtedness, each whole warrant being
exercisable for a period of thirty-six (36) months from the date of
issuance at a price equal to $0.25. As such, a total of 2,026,221
warrants will be issued, pro rata, under the Shares for Debt
Transaction, to those debenture holders whose debentures were both
amended and converted, the balance, being 359,430, being issued
under Policy 5.1 to those debenture holders who did not participate
or were unable to receive warrants under the Shares for Debt
Transaction. There has been no change in the aggregate number of
warrants being issued to debenture holders as contemplated in the
Oct 1 Release.
About
YANGAROO:
YANGAROO is a company dedicated to
digital media management. YANGAROO's patented Digital Media
Distribution System (DMDS) is a leading secure B2B digital cloud
based solution focused on the music and advertising industries. The
DMDS solution provides more accountable, effective, and far less
costly digital management of broadcast quality media via the
Internet. It replaces the physical, satellite and closed network
distribution and management of audio and video content, for music,
music videos, and advertising to television, radio, media,
retailers, and other authorized recipients. The YANGAROO Awards
platform is now the industry standard and powers most of North
America's major awards shows.
YANGAROO has offices in
Toronto, New York, and Los Angeles. YANGAROO trades on the TSX
Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under
OTCBB: YOOIF. For further information, please contact Gary Moss at
416-534-0607 ext.111 or visit www.yangaroo.com.
###
The statements contained in this release that
are not purely historical are forward-looking statements and are
subject to risks and uncertainties that could cause such statements
to differ materially from actual future events or results. Such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Neither the 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.
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