Liquid Media Settles Waterproof Litigation
22 Outubro 2021 - 6:15PM
Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”)
(Nasdaq: YVR), via its wholly-owned subsidiary Liquid Media Group
(Canada) Ltd., has entered into a definitive settlement agreement
(the “Agreement”) with three shareholders (the “Shareholders”) of
Waterproof Studios Inc. (“Waterproof”) terminating litigation among
them in respect of Liquid’s interest in Waterproof (the “Claim”).
Pursuant to the Agreement, Liquid has agreed to transfer its
interest in Waterproof to or for the benefit of the Shareholders in
consideration of a cash payment of $825,000 to Liquid, and the
Shareholders have agreed to dismiss the Claim on a without cost
basis. The Agreement also includes customary mutual releases.
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a
business solutions company empowering independent IP creators.
Liquid’s end-to-end solution will enable professional video
(film/TV and video game) creation, packaging, financing, delivery,
and monetization, empowering IP creators to take their professional
content from inception through the entire process to
monetization.
Additional information is available at
www.LiquidMediaGroup.co.
Further information:
Primoris Group Inc.+1 (416)
489-0092pg@liquidmediagroup.co
Media requests:
Investor / BusinessAdam
BelloMedia & Analyst Relations ManagerPrimoris Group Inc.+1
(416) 489-0092 x 226media@primorisgroup.com
IndustryJane OwenJane Owen PR+1
(323) 819-1122 jane@janeowenpr.com
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