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Yangaroo Receives Approval For Bonus Warrants
(via Thenewswire.ca) TORONTO, CANADA - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the indus...
About this update from Yangaroo Inc.
[{"type":"text","content":"Yangaroo Receives Approval For Bonus Warrants(via Thenewswire.ca)\n \n \nTORONTO, CANADA - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media management company (the \"Company\"), wishes to announce that it has received TSX-Venture Exchange (the \"Exchange\") approval to issue the Bonus Warrants (as defined in a news release dated October 1, 2013 [the \"Oct 1 Release\"]). As a result of certain regulatory requirements, the Company will be issuing a portion of those Bonus Warrants, originally anticipated to be issued under Exchange Policy 5.1 (\"Policy 5.1\"), instead under the Shares for Debt Transaction (as defined in the Oct 1 Release). In line with the Company's original offer, each debenture holder whose debentures have been amended will receive a one-half of one warrant for every $1.00 of indebtedness, each whole warrant being exercisable for a period of thirty-six (36) months from the date of issuance at a price equal to $0.25. As such, a total of 2,026,221 warrants will be issued, pro rata, under the Shares for Debt Transaction, to those debenture holders whose debentures were both amended and converted, the balance, being 359,430, being issued under Policy 5.1 to those debenture holders who did not participate or were unable to receive warrants under the Shares for Debt Transaction. There has been no change in the aggregate number of warrants being issued to debenture holders as contemplated in the Oct 1 Release.\n\n\n \nAbout YANGAROO:\n\n\n \nYANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America's major awards shows.\n\n \n \nYANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. ...