Business
QYOU Media Completes Second Tranche of Non-Brokered Private Placement
Los Angeles, California and Toronto, Ontario--(Newsfile Corp. - March 21, 2025) - QYOU Media Inc....
About this update from Qyou Media, Inc.
[{"type":"text","content":"QYOU Media Completes Second Tranche of Non-Brokered Private PlacementLos Angeles, California and Toronto, Ontario--(Newsfile Corp. - March 21, 2025) - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, announced today that further to the Company's news releases dated February 24 and 25, 2025, and March 12 and 19, 2025, it has completed the second tranche of its previously announced Non-Brokered Private Placement Offering of Units. The Company issued 24,320,001 Units at a price of $0.03 per Unit for aggregate gross proceeds of approximately $729,600 in the second tranche of the Offering, bringing the total size of the Offering to 60,986,668 Units for aggregate gross proceeds of approximately $1,829,600.Each Unit is composed of one (1) Common Share in the capital of the Company and three-quarters (3/4) of one common share purchase Warrant of the Company. Each Warrant entitles the holder thereof to purchase one (1) Common Share at a price of $0.06 per Common Share until March 19, 2027.To date, the Company has paid an aggregate of approximately $47,459.50 and issued Finder's Warrants to acquire up to an additional 1,909,483 Units as finder's fees to certain persons who assisted the Company in connection with the Offering. Each Finder's Warrant entitles the holder to acquire one (1) Unit, comprised of one (1) Common Share and three-quarters (3/4) of one Warrant, at a price of $0.05 per Unit until March 19, 2027. The Warrants issuable upon exercise of the Finder's Warrants entitle the holder thereof to acquire one (1) Common Share at a price of $0.06 per Common Share until March 19, 2027. Pursuant to the Offering, directors, officers and insiders of the Company subscribed for 13,333,334 Units. Participation of these related parties in the Offering constitutes \"a related party transaction\" as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). The private placement of Units to the related parties is exempt from the formal valuation and minority approval requirements of MI 61-101 and TSX Venture Exchange (TSXV) Policy 5.9 – Protection of Minority Security Holders in Special Transactions by the...