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Brand Capital International has Agreed to Invest up to US $8M in QYOU Media
Brand Capital International has Agreed to Invest up to US $8M in QYOU Media Can...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n \n \n \n Brand Capital International has Agreed to Invest up to US $8M in QYOU Media\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.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n Initial US\n \n $2M\n \n Strategic Investment from Division of India's Largest Media Conglomerate to Drive Marketing and Strategy for Expanding\n \n \n \n \n \n The Q India\n \n \n \n Brand\n \n \n \n \n MUMBAI\n \n , India and\n \n TORONTO\n \n ,\n \n March 12, 2021\n \n /CNW/ - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), led by The Q India, the company's Hindi language youth-oriented channel available to over 700 million homes and devices in\n \n India\n \n , has agreed to terms for an initial investment of US\n \n $2 million\n \n subject to Reserve Bank of\n \n India\n \n approval with an option to invest an additional US\n \n $6 million\n \n investment from\n \n \n Brand Capital International\n \n \n (BCI), the strategic investment arm of Bennett, Coleman & Co. Ltd (\"BCCL\" or \"The Times Group\"),\n \n India's\n \n largest media conglomerate. The 183 year-old media company reaches over 700 million Indians every month via 108 newspapers and magazines, 12 television channels, 73 radio stations, 50+ websites and apps and 5000+ Outdoor sites. Brand Capital International has a pioneering investment model that supports the long-term brand building efforts for businesses expanding in the Indian market.\n \n \n \n \n \n \n \n \n \n Brand Capital International has agreed to purchase 9,025,000 common shares in the capital of QYOU Media at a price of C\n \n $0.28\n \n per share for an aggregate investment of US\n \n $2 million\n \n (C\n \n $2,527,000\n \n ). This proposal is subject to the prior approval from the Reserve Bank of\n \n India\n \n by\n \n April 23, 2021\n \n . Additionally, as part of the Initial Investment, BCI shall be granted the additional right (th...