Appreciated Media Holdings (TSXV: AMH) (OTCQB: AMEFF) on Thursday announced the resignation of Douglass Magallon and Gregory Strom as directors of the corporation effective Nov. 13, 2020, as well as expiry of the forbearance period granted pursuant to the forbearance agreement, as amended and supplemented, between the corporation and Amcomri GP BVI Limited, previously disclosed Aug. 17, 2020. In addition, Appreciated Media on Friday announced that its board of directors has negotiated a forbearance agreement with Amcomri GP BVI Limited until January 5, 2020. As a condition to the receipt of forbearance, the board has approved a reorganization of the corporation’s management and board, effective immediately. Pursuant to the reorganization, the board has appointed Robert Price as the chief executive officer of the corporation to replace Stephen Brown and appointed Larry Howard as the corporation’s interim chief financial officer to replace Mark Groenewald, effective immediately. In addition, Price and Howard have each been appointed to the board. Further, in connection with the reorganization, Stephen Brown and Mark Groenewald have ceased to be officers of the corporation and, following the reorganization, the board is comprised of Michael Walker, Andy Lyon, Stephen Brown, Larry Howard and Robert Price.
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About Appreciated Media Holdings Inc.
Appreciated Media is a multifaceted entertainment company based in Vancouver, British Columbia. 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, visit www.AppreciatedMedia.com.
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