Liquid Media Announces Convertible Debenture Financing to Raise US$2Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company” or “Liquid”) (Nasdaq: YVR) announces its intention to raise US$2 million by way of a private placement offering (the “Offering”) for unsecured convertible debentures (“Debentures”).

The Debentures will mature two years from closing and will bear interest at 2% per annum. The Debenture is convertible into Units at a price of US$1.50 per Unit. Each Unit consists of one common share and one share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company for US$1.75 for a period of two years from the closing date of the Offering.

The Company’s management team intends to participate in the financing for a minimum of US$1,000,000 of the Debentures. Liquid intends to use the net proceeds from the Debentures to fund additional project development, branding and marketing initiatives, as well as ongoing working capital and general corporate purposes.

The company expects to close the financing  before February 28, 2019.  

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

About Liquid Media Group Ltd.

Liquid is building the leading community for creative professionals, producing content for all platforms through its network of shared services. Additional information is available at .

Further information:

Daniel Cruz

Liquid Media Group Ltd.

+1 (416) 489-0092

Media requests:

Adam Bello

Media & Analyst Relations Manager

Primoris Group Inc.

+1 (416) 489-0092 x 226

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information based on current expectations. Statements about, among other things, the closing of the Debenture financing, expected terms and conditions of the Debenture financing, the completion, terms and size of the Debenture financing and the use of proceeds of the Debenture financing are all forward-looking information. 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: the ability to find suitable subscribers for the Debenture and the risk that the Debenture financing will not close as currently contemplated, or at all. Although such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that the Debenture financing will occur or that, if the Debenture financing does occur, it will be completed on the terms described above and that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on the forward-looking information. Liquid assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.