Joshua Jackson Increases Minority Stake in Liquid Media - Seite 2

The Company’s success in creating cutting-edge imagery spans more than a decade and has given Liquid a strong reputation in computer-generated production, visual effects (VFX) and animation for industries including gaming, traditional film and television studios, distributors, broadcasters and streaming service providers.

Liquid also recently acquired a portfolio of assets including streaming platform Reelhouse, an online video community that gives filmmakers complete control to self-distribute content directly to their audiences. Filmmakers access the latest monetization, social and showcasing features, which in turn engage viewers in online viewing experiences. The acquired assets also include Subscription Video on Demand (“SVOD”) channels.

“I believe Liquid has incredible potential,” says Jackson. “People are spending more and more time accessing entertainment from their homes and we are excited to leverage our owned IP into full media franchises. Combined with the successes we are having with acquisitions and consolidation, production services, content creation and building a true studio for the streaming age has me incredibly motivated to drive Liquid forward into the future.”

About the Acquisition of Securities of Liquid Media Group

Jackson is showing his continued confidence in Liquid, increasing his stake in the company by converting his Convertible Debenture in the principal-plus-interest sum of USD$510,576.92 (the “Debenture”) into equity in the Company. Jackson acquired the Debenture pursuant to a private placement offering of Debentures, which closed on February 27, 2019. The Debenture was converted into 340,384 units (“Units”) at a price of USD$1.50 per Unit, with each Unit consisting of one common share and one share purchase warrant exercisable at a price of $1.75 per Debenture Warrant on or before February 27, 2021 (a “Debenture Warrant”).  Concurrently with his conversion of the Debenture, Jackson also exercised 24,384 Debenture Warrants to acquire 24,384 common shares and exercised 11,500 stock options to acquire 11,500 common shares.  On a partially diluted basis, assuming the exercise by Jackson of all convertible securities held by him, he would own 955,908 shares, or 13.84% of the then-issued and outstanding common shares.  Further details are available in Company filings on SEDAR and EDGAR.