Appreciated Media Holdings (TSXV: AMH) (OTCQB: AMEFF) (“Appreciated Media” or the “Corporation”), a multifaceted entertainment company, today announced the cancellation and return to treasury of 6,995,653 common shares in the capital of the Corporation (the “Performance Shares”). According to the update, in connection with the completion of its qualifying transaction, Appreciated Media issued an aggregate of 7,473,935 Performance Shares pursuant to the terms of a performance share agreement dated June 30, 2017, that was entered into among the Corporation and certain of its consultants and advisors (the “Performance Share Agreement”). Upon issuance, the Performance Shares were deposited into escrow subject to the satisfaction of certain release conditions to be satisfied by June 30, 2020. Appreciated Media’s board of directors has determined that the release conditions were not satisfied by June 30, 2020, and the Corporation has cancelled and returned an aggregate of 6,995,653 Performance Shares to its treasury.
To view the full press release, visit https://nnw.fm/4VGAl
About Appreciated Media Holdings Inc.
Appreciated Media is a multifaceted entertainment company based in Vancouver. The Corporation has divisions in the film, music and television industries. The Appreciated Media team is extremely well-versed in a variety of entertainment delivery platforms and plans to become a top-tier entertainment company rising to the level of success achieved by other companies originally formed in Vancouver. For more information, visit www.AppreciatedMedia.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork