QYOU Media Completes $1.8 Million Private Placement

TORONTO  and  LOS ANGELES,  October  30,  2019  –  QYOU  Media  Inc.  (TSXV:  QYOU; OTCQB:

QYOUF) (“QYOU” or the “Company”) announced today it completed its final closing of its previously announced (see QYOU news releases dated August 30, 2019, October 2, 2019 and October 11, 2019) non- brokered private placement of units of the Company (“Units”) on October 30, 2019 for gross proceeds of

$100,000 (the “Tranche”), bringing total aggregate gross proceeds to $1,800,000. The Company issued a total of 2,000,000 Units at a price of $0.05 per Unit in connection with the Tranche, bringing aggregate Units issued to 36,000,000 in connection with the offering. Each Unit is comprised of one common share in the capital of the Company, one-half of one common share purchase warrant exercisable at $0.06 per share until September 30, 2020 and an additional one-half of one common share purchase warrant exercisable at

$0.10 per share until September 30, 2021.

The Company paid finder’s fees to certain persons who assisted the Company in connection with the Tranche, bringing total compensation paid to $113,300. The Company issued a total of 2,266,000 Units, exercisable at a price per Unit of $0.05 until September 30, 2021, as compensation options in connection with the offering.

All of the securities issuable in connection with the offering are subject to a hold period expiring four months and one day after date of issuance.

The offering is subject to the final approval of the TSX Venture Exchange.

The proceeds derived from the sale of the Units will be used for continued investment in the Company’s subsidiary, QYOU India, and working capital for the Company.

The securities offered pursuant to the offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, such securities being offered pursuant to the offering in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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