Appreciated Media Holdings (TSX.V: AMH) (OTCQB: WDRFF), formerly The Wonderfilm Media Corporation, on Tuesday announced its entry into a letter of intent (“LOI”) with Douglas Magallon pursuant to which it will acquire the Worldwide Rights and Ownership for the pilot, concept, plots, themes, formats, characters, title and other elements and aspects for a television show entitled “Celebrity Face Off” for an aggregate purchase price of $225,000. Under the terms of the LOI, the purchase price for the acquisition of the show will be satisfied through the issuance of 1,500,000 common shares in the capital of Appreciated Media, which are to be issued at closing at a deemed price per common share. All common shares proposed in the transaction will be issued pursuant to exemptions from the prospectus requirements of applicable securities legislation and will be subject to a four-month hold period, in accordance with such applicable securities legislation and policies of the TSX Venture Exchange. No finder’s fees are payable as a result of the transaction.
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About Appreciated Media Holdings Inc.
Appreciated Media is a publicly traded, 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 global top-tier entertainment company. For more information, visit the company’s website at www.AppreciatedMedia.com.
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