Liquid Media Group Ltd. Receives Notice of Default - Seite 2

In addition, because no registration statement has yet been filed with the SEC registering the common shares underlying the convertible debenture, effective April 30, 2023, and on each monthly anniversary thereafter until the initial registration statement is filed with the SEC, the Company is required to pay the institutional investor an amount equal to the product of 2.0% multiplied by the aggregate subscription amount paid by the institutional investor, up to an aggregate of 25% of such subscription amount. Any amount not paid under the registration right agreement is subject to interest thereon at a rate of 18% per annum until such amounts, plus all such interest thereon, are paid in full.

The Company is currently reviewing its rights under the securities purchase and related agreements.

About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an entertainment company empowering independent IP creators. Liquid’s end-to-end solution enables professional video (film/TV and streaming) creation, packaging, financing, delivery, and monetization, empowering IP creators to take their professional content from inception through the entire process to monetization.

Additional information is available at www.LiquidMediaGroup.co.

CONTACT:

Investors / Business

Justin Kulik
CORE IR
[e-mail]

 Cautionary Note Regarding Forward-Looking Statements
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: developments related to the COVID-19 pandemic, regulatory actions, market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as additional risks disclosed in the Company’s annual and quarterly financial reports available at www.sedar.com. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.