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Network Media Group Receives Strategic Investment from Hive Blockchain Technologies and U.S. Global Investors for NFT and Digital Content Initiatives
Network Media Group Receives Strategic Investment from Hive Blockchain Technologies and U...
About this update from Network Media Group Inc.
[{"type":"text","content":"\n \n \n \n Network Media Group Receives Strategic Investment from Hive Blockchain Technologies and U.S. Global Investors for NFT and Digital Content Initiatives\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Closes\n \n $2.075M\n \n Non-Brokered Private Placement with Insider Participation\n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 27, 2021\n \n /CNW/ -\n \n Network Media Group Inc.\n \n (TSXV: NTE) (OTCMKTS: NETWF) (\"Network\" or the \"Company\") is pleased to announce that it has received a strategic investment from HIVE Blockchain Technologies Ltd., (NASDAQ: HIVE) (TSX.V: HIVE) and U.S. Global investors inc., (NASDAQ: GROW) and closed its previously announced non-brokered private placement (the \"Offering\") described in the news releases on\n \n September 30, 2021\n \n ,\n \n October 4, 2021\n \n , and\n \n October 18, 2021\n \n . In connection with the closing of the Offering, the Company issued 13,833,333 common Shares of the Company (the \"Shares\") at a price of\n \n $0.15\n \n per Share for gross proceeds of\n \n $2,075,000\n \n .\n \n \n \"As a leader in digital assets and blockchain technologies, we recognize and embrace the NFT revolution and this transformative digital marketplace that is growing at a rapid pace. Network's creative leadership and reputation as producers of premium content for global audiences, alongside their access to valued intellectual property, presented the perfect opportunity to forge a strategic relationship to embrace the NFT revolution together,\" said\n \n Frank Holmes\n \n , Chairman of HIVE Blockchain Technologies.\n \n \n \"This is a defining moment for Network, as we add a new dimension to our established reputation creating premium content in the pop culture universe. We are excited to welcome\n \n Frank Holmes\n \n and HIVE Blockchain as a dynamic new shareholder. HIVE'S reputation and expertise as a blockchain industry leader is a compelling endorsement for Network and our vision to embrace the NFT digital ecosystem....