TORONTO and VANCOUVER, British Columbia, Aug. 31, 2018 (GLOBE NEWSWIRE) -- WOW Unlimited Media Inc. (TSXV: WOW.A and WOW.B) (the “Company” or “WOW!”) is pleased to announce that its common voting shares and variable voting shares will trade under a single ticker on the TSX Venture Exchange ("TSXV"). The consolidation of the two ticker symbols into a single ticker symbol of the Company is solely an administrative change for trading purposes and is designed to enhance the liquidity and trading volume of WOW!’s shares.
WOW!’s common voting shares currently trade on the TSXV under "WOW.A" (CUSIP 98212M109). Its variable voting shares currently trade on the TSXV under "WOW.B" (CUSIP number 98212M208).
Effective August 31, 2018, both classes of shares will trade under the single TSXV ticker symbol "WOW", as well as combining under the same CUSIP number 98212M703. For trading purposes and reporting in brokerage accounts, both classes of shares will also be combined under the single designation of "Common and Variable Voting Shares" of WOW!
The combination of trading under a single ticker symbol does not amend the Company’s articles of incorporation, by-laws or share capital structure, nor the terms and conditions or the voting and ownership restrictions attaching to each class of shares.
Pursuant to WOW!'s articles of incorporation and the Broadcasting Act (British Columbia), the common voting shares may only be held and controlled by Canadians, and the variable voting shares may only be held and controlled by non-Canadians. Each class of shares is automatically assigned based on the Canadian or non-Canadian status of its holder.
There will be no changes to the Company’s voting procedures for shareholder meetings. Shareholders who wish to vote at meetings (either by proxy or by attending the meeting in person) will continue to be required to complete a Declaration of Canadian Status in order to enable WOW! to comply with Canadian ownership rules as an operator of broadcast assets.
Additional information relating to the terms and conditions of the common voting shares and variable voting shares is included in WOW!'s Annual Information Form available at www.sedar.com.
WOW! is also pleased to announce that it has engaged Venture North Capital Inc. ("Venture North") to provide strategic investor relations and shareholder communications services. Venture North is a full-service capital markets consulting firm, headquartered in Toronto, Canada and has experience executing strategic investor relations outreach campaigns on behalf of TSX, TSXV and CSE listed growth companies. Venture North will be focused on increasing investor awareness while introducing WOW! to its network of investment advisors, investment dealers, institutions and other financial professionals in Canada, US, and Europe.
Under the terms of the engagement, which is for an initial four-month period, Venture North will be paid $6,500 per month. This engagement is subject to TSXV approval.
About WOW Unlimited Media
WOW Unlimited Media Inc. is creating a leading next-generation kids and youth animation business by focusing on digital platforms and content. The company's key assets include: the world's No. 1 digital animation network, Frederator Networks, which consists of an animation production company Frederator Studios, as well as video on demand channels on digital platforms, and one of Canada's largest, multifaceted animation production studios, Mainframe Studios.
For further information visit:
Website: www.wowunlimited.co
Forward-Looking Statements:
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential" and similar expressions. Forward-looking statements are necessarily based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Forward-looking statements in this release include but are not limited to statements relating to: the consolidation of stock ticker symbols, trading activity under a single stock ticker symbol and liquidity. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by WOW!, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward-looking statements included in this release, the Company has made various material assumptions, including, but not limited to general business and economic conditions, the Company's ability to protect its intellectual property, the Company's ability to raise additional funding, existing governmental regulations and changes in, or the failure to comply with, governmental regulations and changes in business strategy or development plans. In evaluating forward-looking statements, current and prospective shareholders should specifically consider various factors set out under the heading "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2017, a copy of which is available on WOW!’s profile on the SEDAR website at www.sedar.com, and as otherwise disclosed from time to time on WOW!’s SEDAR profile. Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.