Network Media Group Inc. announced that it has received CAD 2.075 million in funding from HIVE Blockchain Technologies Ltd., U.S. Global Investors, Inc, and other investors
October 26, 2021
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On October 27, 2021, Network Media Group Inc. closed the transaction. The company amended the terms of the transaction. The transaction company has issued a total of 13,833,333 common shares for gross proceeds of CAD 2,075,000. The transaction included participation from HIVE Blockchain Technologies Ltd for CAD 450,000, U.S. Global Investors, Inc. The securities issued are subject to a statutory hold period, expiring February 28, 2022, being four months and one day from the date of issuance. The transaction will be subject to certain conditions including the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange and other applicable securities regulatory authorities.
The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from 30 placees. The transaction included participation from Bullheart Capital Inc for 1,333,333 shares: Tim Gamble for 1,000,000 shares and Brian Gersh, 20,651 shares and Total pro group involvement of seven placees for 1,800,000 shares.
Network Media Group Inc. is a Canada-based company that develops, produces, and exploits film and television properties in addition to providing production services to third parties. The Company builds its production slate in two primary forms: documentary films and docu-series. The Company, through its subsidiary, Network Entertainment Inc., is a boutique film, television, and digital content production company that creates, finances, and produces programming for television, digital platforms, and movie audiences around the world. It focuses on developing its Non-Fungible Token (NFT) division. Network NFT Studios collaborates with IP owners, artists, and talents to create, distribute, and monetize digital collectible campaigns and related initiatives in the web3 universe. Network NFT Studios creates partnerships with creators from film, music, art, fashion, and sports to create NFT experiences and limited-edition collections. It works with broadcasters, distributors, and exhibitors.
Network Media Group Inc. announced that it has received CAD 2.075 million in funding from HIVE Blockchain Technologies Ltd., U.S. Global Investors, Inc, and other investors