Appreciated Media (TSX.V: AMH) (OTCQB: AMEFF) has announced that it has entered into a bridge financing arrangement with Amcomri GP BVI Limited. According to the debt facility, Amcomri has agreed to make an additional $200,000 available to Appreciated Media; Appreciated Media anticipated using those funds to repay debts. The agreement notes that all amounts advanced under the facility will have an interest rate of 8% per annum, payable upon demand. In the meantime, AMH remains subject to a cease trade order issued earlier by the British Columbia Securities Commission. That order was issued as a result of Appreciated Media’s failure to file annual financial statements for the year ended June 30, 2020; the order also cited the company’s failure to file interim financial statements for the period ended Sept. 30, 2020 as well as associated management’s discussion and analysis and officer certificates. These required filings are based on guidelines established in National Instrument 51-102-Continuous Disclosure Obligations. Appreciated Media is working to complete the filings and plans on providing an update regarding the anticipated timing for of those filings.
To view the full press release, visit https://www.nnw.fm/6I2d8
About Appreciated Media Holdings Inc.
Appreciated Media is a multi-faceted entertainment company based in Vancouver, British Columbia.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
