Business
Bay Street Veteran Vikas Ranjan to Join QYOU Media Board as Vice Chair
Bay Street Veteran Vikas Ranjan to Join QYOU Media Board as Vice Chair Canada News...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n\n\n\nBay Street Veteran Vikas Ranjan to Join QYOU Media Board as Vice Chair\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\nCanada NewsWire\nTORONTO, LOS ANGELES and MUMBAI, India, Jan. 24, 2020\n\n\n\nRanjan ‎to Add to his Stock Holdings via lead order on 6 Million Share Placement \n TORONTO, LOS ANGELES and MUMBAI, India, Jan. 24, 2020 /CNW/ - QYOU Media (TSXV: QYOU; OTCQB: QYOUF) announced today that Veteran Bay Street Executive, Vikas Ranjan has been added as a Nominee to Join the Board of Directors of QYOU Media Inc at the company's shareholders' meeting slated for March 5, 2020. Mr. Ranjan has accepted the role of Vice Chair of the Board, if shareholders vote in favour of his Board nomination. \nMr. Ranjan is also the lead order in a 6 million share placement acquiring 1 million Units at $.06 per Unit‎ in a placement that is scheduled to close January 29, 2020. Each Unit will consist of 1 common share plus 1 warrant exercisable at $.08 until January 29, 2022. Following such investment, Mr. Ranjan will own approximately 3 million common shares and 2 million warrants to acquire further common shares.\nMr. Ranjan began his career at India's largest public exchange, The National Stock Exchange, and is one of Canada's leading experts on capital markets matters related to India. Mr. Ranjan is expected to assist QYOU Media management and the Board in connection with the company's exciting prospects in India via its \"Q India\" television and OTT channel now available via 500 million devices in the country.\nQYOU Media Chair G. Scott Paterson said: \"QYOU Media's opportunity in India is extremely exciting. I just visited India late last year and met many of our cable, satellite and streaming distribution partners and it is clear to me that the opportunity to meet the insatiable demand of Young Indians, being 20 to 30 years old, who crave short form video is enormous. Equally, the demand by advertisers to reach this audience is massive and growing. Vikas Ranjan will undoubtedly help us navigate our way over the n...