Liquid Media Retains Novus Merchant Partners as its Capital Markets Advisor

VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) is pleased to announce it has retained Novus Merchant Partners Inc. (“Novus”) as its capital markets advisor.  Novus will assist the Company in developing, implementing and executing on its business strategy of consolidating and vertically integrating intellectual property (IP) rights with production capabilities to leverage innovative technology as well as owned IP into full media franchises.  As part of its mandate, Novus will act as financial advisor to the Company on strategic M&A transactions.

Novus is a merchant and investment banking firm co-founded by Charles Shin and Ron Rimer, who together have led or co-led over USD$10.5-billion in financing and M&A transactions. Novus’s focus is on working with companies that have considerable growth potential, and assisting management and its board of directors to navigate and access the capital markets in a manner that maximizes shareholder value and minimizes the Company’s cost of capital. Mr. Shin has over 20 years of investment banking and principal investing experience acting as lead advisor on over USD$3.5-billion in financings and USD$3-billion of M&A transactions. Prior to forming Novus, Shin spent eight years with Canaccord Genuity as a Managing Director, and later took on the responsibility for building the firm’s Asia investment banking practice. Mr. Rimer has 30 years of industry and investment banking experience, including being lead advisor on over USD$3.5-billion in financings and M&A transactions during his career. His background also includes roles as Vice Chair at Macquarie Capital Markets Canada while holding other senior positions including head of the company’s equity capital markets and private capital markets groups. Prior to joining Macquarie, Rimer held other senior capital market roles over 11 years at Canaccord Capital Markets Canada.

“We believe Novus brings several important advantages to Liquid to help us further our capital markets strategy,” said Daniel Cruz, co-founder and CFO of Liquid. “They have existing finance relationships that can open the doors to highly sophisticated domestic and international M&A identification and support institutions, including major investment banks, and their team boasts full-time, in-house analysts, so they can efficiently review our investment targets and financial projections.”