Business
QYOU Media To Raise Approximately $3.2M To Fuel Growth
QYOU Media To Raise Approximately $3.2M To Fuel Growth Canada NewsWire ...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n \n \n \n QYOU Media To Raise Approximately $3.2M To Fuel Growth\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 Financing Supports Recent Maxamtech Mobile Gaming Acquisition and Direct to Consumer Launch of QPLAY\n \n \n \n \n Q India and QYOU\n \n USA\n \n Business Units Both On Target For Record Q4 Revenue Driven By Five India Channels and Record Setting Pipeline of US Customers\n \n \n \n \n \n TORONTO\n \n and\n \n MUMBAI, India\n \n \n ,\n \n \n Nov. 8, 2022\n \n \n /CNW/ - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) announced today that it has entered into an agreement with Clarus Securities Inc., to conduct on a \"best efforts\" marketed basis an offering of up to 25,600,000 units of the company for aggregate proceeds of up to\n \n $3,200,000\n \n . Details of the transaction can be found\n \n \n HERE\n \n \n .\n \n \n \n \n \n \n \n \n \n The capital will help support overall corporate growth including a variety of major initiatives and milestones established over the last six months as work continues on a strong finish to Q4 2022, while positioning the business for further growth for 2023.  These achievements and milestones include:\n \n \n \n Four new channels launched in 2022 to join flagship Hindi channel\n \n The Q\n \n (mass entertainment) including\n \n Q Marathi\n \n (regional),\n \n Q Kahaniyan\n \n (animation),\n \n Q Comedistaan\n \n (comedy) and\n \n QGameX\n \n (live gaming). All channels are based on the winning formula of content coming from\n \n India's\n \n leading digital creators and social media stars.\n \n \n The launch of QYOU Studios in the US to support stronger revenue growth and new partnerships with North American brands and influencers.\n \n \n The creation and acquihire of BlancSpace to form \"ChtrSocial '' focused on helping \"brands become creators\" as they co-create brand driven channels and online storytelling on short form platforms.\n \n \n The launch of QData to support and accelerate the accuracy and effectiveness of future adverti...