Appreciated Media (TSX.V: AMH) (OTCQB: AMEFF) has announced that it has entered into a bridge financing arrangement with Amcomri GP BVI Limited. According to the debt facility, Amcomri has agreed to make an additional $200,000 available to Appreciated Media; Appreciated Media anticipated using those funds to repay debts. The agreement notes that all amounts advanced under the facility will have an interest rate of 8% per annum, payable upon demand. In the meantime, AMH remains subject to a cease trade order issued earlier by the British Columbia Securities Commission. That order was issued as a result of Appreciated Media’s failure to file annual financial statements for the year ended June 30, 2020; the order also cited the company’s failure to file interim financial statements for the period ended Sept. 30, 2020 as well as associated management’s discussion and analysis and officer certificates. These required filings are based on guidelines established in National Instrument 51-102-Continuous Disclosure Obligations. Appreciated Media is working to complete the filings and plans on providing an update regarding the anticipated timing for of those filings.
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About Appreciated Media Holdings Inc.
Appreciated Media is a multi-faceted entertainment company based in Vancouver, British Columbia.
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