Appreciated Media (TSX.V: AMH) (OTCQB: AMEFF) has announced a debt settlement agreement. According to the agreement, AMEFF will settle $120,000 of debt by issuing for sale units of the corporation. The agreement, which is subject to the approval of the TSX Venture Exchange, notes that Appreciated Media will issue 923,077 units at a sales price of $0.13 per unit. Each unit represents one common share in the capital of Appreciated Media Holdings and gives the holder rights acquire one additional common share at an exercise price of $0.25 per share any time for one year from the date of issuance. The agreement also notes that all shares and warrants issued through the debt settlement are subject to a hold period of four months plus one day from the date of issuance, a stipulation that is in accordance with applicable securities legislation.
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About Appreciated Media Holdings Inc.
Appreciated Media is a multifaceted entertainment company based in Vancouver. The Appreciated Media team is extremely well versed in a variety of entertainment delivery platforms and is fast becoming a top-tier entertainment company. For more information about AMEFF, please visit www.AppreciatedMedia.com.
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