CEO and Co-Founder Curt Marvis to Provide Update On Recent News and
Corporate Developments
Wednesday February 26,
2025 at 11:00 AM EST
LOS
ANGELES and TORONTO,
Feb. 25,
2025 /CNW/ - QYOU Media Inc. (TSXV: QYOU) (OTCQB:
QYOUF), a company operating in India and the United
States producing and distributing content created by social
media stars and digital content creators, announced today that the
Company's CEO and Co-Founder Curt
Marvis will host a live conference call and live stream on
Wednesday February 26, 2025 at
11:00 AM Eastern Standard
Time.
The call will discuss recent corporate news and overall updates
on the business of the Company. Management will accept
questions via the chat, and individuals wishing to ask a question
during the call can do so at any time.
To watch or listen to the call please click here to access the
livestream link.
To add this event to your calendar please click this link
here.
An archive of the call will be available on the Company's
YouTube channel and website following the call.
In addition, further to the Company's press release dated
February 24, 2025, the Company has
announced that it has amended its previously announced Non-Brokered
Private Placement Offering. The Offering will consist of up to 60
million Units of the Company at a price of $0.035 per Unit for aggregate gross proceeds of
up to $2.1 million. Each Unit
will be comprised of one (1) Common Share in the capital of the
Company and three quarters of one (3/4) common share purchase
Warrant of the Company. Each Warrant will entitle the holder
thereof to purchase one (1) Common Share at a price of $0.06 per Common Share for a period of 24 months
from the closing date of the Offering.
The Company requires the net proceeds of the Offering to support
the Company's expenses related to the transaction of its
subsidiary, Chatterbox Technologies Limited ("Chtrbox"), and
anticipates they will be used primarily for legal, accounting and
consulting fees related to the initial public offering along with
the final earnout payments from the original acquisition of Chtrbox
by the Company due to founding investors.
The Offering is expected to close on or about March 4, 2025, or such other date as the Company
may determine and is subject to certain conditions including, but
not limited to, the receipt of all necessary approvals, including
the approval of the TSX Venture Exchange. The Common Shares
partially comprising the Units and the Common Shares underlying the
Warrants will be subject to a four-month plus one day hold period
commencing on the day of the closing of the Offering, pursuant to
applicable Canadian securities laws. The Units issued pursuant to
the Offering have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws, and may not be
offered or sold to, or for the account or benefit of, persons in
the United States or U.S. persons
absent registration under the U.S. Securities Act and all
applicable state securities laws or compliance with the
requirements of an exemption therefrom. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the Units in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
The Company has also announced that it has entered into a
service agreement with Fairfax Partners Inc.("Fairfax"), a
Vancouver, BC-based investor
relations and marketing consultancy, to provide investor relations
and marketing services to support the Company's growth and
shareholder communications. Under the terms of the agreement,
Fairfax will receive a one-time
fee of CAD $21,484.28. Fairfax is an independent, arm's length
investor relations and marketing firm with no direct relationship
with the Company and to the best of the Company's knowledge,
Fairfax does not currently own any
securities of the Company as of the date of this announcement.
About QYOU Media
Among the fastest growing creator driven media companies, QYOU
Media operates in India and
the United States through its
subsidiaries, producing, distributing and monetizing content
created by social media influencers and digital content stars. Our
influencer marketing business in India, Chtrbox, is an influencer and marketing
platform and agency, connecting brands/products and social media
influencers. In the United States,
we power major film studios, game publishers and brands to create
content and market via creators and influencers. Founded and
managed by industry veterans from Lionsgate, MTV, Disney, Sony and
TikTok. QYOU Media's millennial and Gen Z-focused content has
reached more than one billion consumers. Experience our work at
www.theqyou.com
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "will",
"estimates", "believes", "intends", "expects" and similar
expressions which are intended to identify forward- looking
statements. More particularly and without limitation, this news
release contains forward-looking statements concerning the receipt
of regulatory approvals of the Offering, closing of the Offering
and the intended use of proceeds from the Offering.
Forward-looking statements are inherently uncertain, and the
actual performance may be affected by a number of material factors,
assumptions and expectations, many of which are beyond the control
of the Company. Readers are cautioned that assumptions used in the
preparation of any forward-looking statements may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted as a result of numerous
known and unknown risks, uncertainties and other factors, many of
which are beyond the control of the Company. Additional risks and
uncertainties regarding the Company are described in its publicly
available disclosure documents, filed by the Company on SEDAR+
(www.sedarplus.ca) except as updated herein. Readers are further
cautioned not to place undue reliance on any forward-looking
statements, as such information, although considered reasonable by
management of the Company at the time of preparation, may prove to
be incorrect and actual results may differ materially from those
anticipated. The forward-looking statements contained in this news
release are made as of the date of this news release, and are
expressly qualified by the foregoing cautionary statement. Except
as expressly required by securities law, the Company undertakes no
obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. Neither the 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.
Neither the 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.
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SOURCE QYOU Media Inc.
