Business
Network Media Group Announces Upsizing of Previously Announced Private Placement
Network Media Group Announces Upsizing of Previously Announced Private Placement ...
About this update from Network Media Group Inc.
[{"type":"text","content":"\n \n \n \n Network Media Group Announces Upsizing of Previously Announced Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 4, 2021\n \n /CNW/ -\n \n Network Media Group Inc.\n \n (TSXV: NTE) (OTCMKTS: NETWF) is pleased to announce, further to the Company's news release dated\n \n September 30, 2021\n \n , an upsizing of its previously announced non-brokered private placement (the \"Offering\"). The upsized Offering will be for gross proceeds of up to\n \n $1,400,000\n \n through the sale of up to 9,333,333 Common Shares of the Company (the \"Shares\") at a price of\n \n $0.15\n \n per share.\n \n \n In connection with the Offering, the Company may pay finder's fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange (the \"Exchange\"). Network intends to use the net proceeds of the Offering primarily for ancillary business opportunities, operations, research and development of NFT content initiatives, and working capital requirements.\n \n \n The securities issued under the Offering will be subject to a statutory hold period, expiring four months and one day from the date of issuance of such securities. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the final approval of the Exchange and the applicable securities regulatory authorities.\n \n \n \n About Network Entertainment\n \n \n \n Network Media Group is the parent company of Network Entertainment Inc.\n \n \n Network Entertainment is a creatively driven, boutique film and television production company that creates, finances, and produces award-winning programming for television, digital platforms, and movie audiences around the world. The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings and unpar...