LiveReel Media Corp. $LVRLF News
Last updated 12/26/2016 - 0.025
LiveReel announces change of auditor
Nov 17, 2016
OTC Disclosure & News Service
-
LiveReel announces change of auditor
Canada NewsWire
TORONTO, Nov. 17, 2016
NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, Nov. 17, 2016 /CNW/ - LiveReel Media Corporation (OTCQB: LVRLF) ("LiveReel" or the "Company"
announced today that the Company's board of directors has approved a change in its auditor. Effective November 14, 2016, the Company's audit committee and board of directors has accepted the resignation of Schwartz Levitsky Feldman LLP (the "Former Auditor" and appointed MNP LLP (the "Successor Auditor" as the Company's new auditor until the close of the next annual general meeting of the Company.
The Company has sent a Notice of Change of Auditor (the "Notice" to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the Ontario Securities Commission stating that they agree with the information contained within the Notice. The Notice together with the letter from the Former Auditor and the letter from the Successor Auditor have been reviewed by the Company's board of directors and are available on SEDAR at www.sedar.com.
There were no disagreements or unresolved issues with the Former Auditor on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. It is the Company's opinion that there have been no "reportable events" (as defined in National Instrument 51-102 - Continuous Disclosure Obligation) between the Company and the Former Auditor.
About LiveReel
LiveReel Media Corporation is an entertainment company focused on the identification and evaluation of other assets or businesses for purchase, both within and outside of the film industry.
SOURCE LiveReel Media Corporation
Copyright © 2016 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
LiveReel reports delay in filing financial statements
Nov 01, 2016
OTC Disclosure & News Service
-
LiveReel reports delay in filing financial statements
Canada NewsWire
TORONTO, Nov. 1, 2016
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, Nov. 1, 2016 /CNW/ - LiveReel Media Corporation (OTCQB: LVRLF) ("LiveReel" or the "Company" reports that the Company was unable to timely file on October 28, 2016, its annual consolidated financial statements and Management Discussion & Analysis ("MD&A" for the Company's financial year ended June 30, 2016, as required pursuant to National Instrument 51-102 – Continuous Disclosure Obligations, and the related CEO and CFO certifications (together, the "Certifications", as required pursuant to National Instrument 52-109 – Certification of Disclosure in Issuer's Annual and Interim Filings.
The delay arises from the Company's recent discussions with its existing auditors with respect to a transition to a new external auditor. The Company anticipates that it will be able to complete the audit of the Company's consolidated financial statements for the year ended June 30, 2016 as soon as possible and anticipates filing such financial statements, MD&A and related Certifications on or before November 21, 2016.
In light of the delay, the Company has received notice from the Ontario Securities Commission ("OSC" that the Company has been noted in default as a reporting issuer with the OSC for failure to file the aforementioned documents within the time period prescribed by Ontario securities law. Failure to timely file such documents may result in further action including the issuance of a cease trade order by the OSC, without further notice.
In addition, the Company has also received notice from the OTC Markets Group that the Company has received a 30-day cure period to file its Annual Report for the fiscal year ended June 30, 2016 to maintain eligibility for the OTCQB market.
There is no other material information concerning the affairs of the Company that has not been generally disclosed.
About LiveReel
LiveReel Media Corporation is an entertainment company focused on the identification and evaluation of other assets or businesses for purchase, both within and outside of the film industry.
SOURCE LiveReel Media Corporation
Copyright © 2016 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Early Warning Report Issued Pursuant to National Instrument 62103 Acquisition of Shares of LiveReel Media Corporation
Mar 10, 2015
OTC Disclosure & News Service
-
Early Warning Report Issued Pursuant to National Instrument 62103 Acquisition of Shares of LiveReel Media Corporation
Canada NewsWire
TORONTO, March 10, 2015
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, March 10, 2015 /CNW/ - This press release is being disseminated as required by National Instrument 62103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report" regarding the acquisition of LiveReel Media Corporation (OTC:LVRLF.PK) (the "Company" securities by each of GraySim Family Trust ("GraySim" and 2364201 Ontario Corp. ("2364201", of 85 Coleridge Ave., Toronto, Ontario, M4C 4H6 and 510E-500 Queens Quay West, Toronto, Ontario, M5V 3K8.
GraySim, together with other third parties, entered into a stock purchase agreement with Difference Capital Financial Inc. ("Difference Capital", an arms-length party, whereby the GraySim acquired 5,895,046 common shares in the capital of the Company. The purchase price paid for the shares was for nominal consideration of $1.00 in aggregate, which amount on a per share basis was well below the closing market price on the date preceding the trades. GraySim and its joint actors beneficially own 17,757,408 common shares in the capital of the Company, representing approximately 75.5% of the issued and outstanding voting securities of the Company on a fullydiluted basis.
2364201, together with other third parties, entered into a stock purchase agreement with Difference Capital, an arms-length party, whereby the 2364201 acquired 5,895,046 common shares in the capital of the Company. The purchase price paid for the shares was for nominal consideration of $1.00 in aggregate, which amount on a per share basis was well below the closing market price on the date preceding the trades. 2364201 and its joint actors beneficially own 10,040,028 common shares in the capital of the Company, representing approximately 42.5% of the issued and outstanding voting securities of the Company on a fullydiluted basis.
This transaction is exempt from the formal take-over provisions of the Securities Act (Ontario) pursuant to section 100.1(1) of the Act. The securities were acquired for investment purposes and each of GraySim and 2364201 may increase or decrease its beneficial ownership or control depending on market or other conditions.
A copy of the Early Warning Report may be found on www.SEDAR.com.
SOURCE LiveReel Media Corporation
Copyright © 2015 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
LiveReel Announces Changes to the Board and Management
Mar 10, 2015
OTC Disclosure & News Service
-
LiveReel Announces Changes to the Board and Management
Canada NewsWire
TORONTO, March 10, 2015
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, March 10, 2015 /CNW/ - LiveReel Media Corporation (OTCBB: LVRLF.PK) announced the appointment of J. Graham Simmonds, Ashish Kapoor and Henry J. Kloepper who joined the board of directors following the resignation Michael Wekerle, Henry Kneis and Thomas Astle. Mr. Wekerle resigned as Chief Executive Officer and was replaced by J. Graham Simmonds. Mr. Kneis, the Corporation's Chief Financial Officer resigned and was replaced by Ashish Kapoor. In addition, Mr. Kapoor was appointed Secretary.
J. Graham Simmonds
Mr. Simmonds has over 17 years of experience in public company management and business development projects within both the gaming and technology sectors. Mr. Simmonds is licensed and/or has previously been licensed/registered with a number of horse racing and gaming commissions in the United States and Canada. Mr. Simmonds developed and launched the first in-home digital video horseracing service in North America and is a former director and partner in eBet Technologies Inc., a licensed ADW operator and software developer for the online horse racing industry in the United States. He is the founder and CEO of Baymount Incorporated, a diversified investment, financial advisory and venture capital firm focused in opportunities within the horse racing, gaming and technology industries and the CEO of Gilla Inc, a designer, marketer and distributer of electronic cigarettes, vaporizers and e-liquids. Mr. Simmonds was formerly the chairman of DealNet Capital Corp., a merchant banking company focused on Business Process Outsourcing and Consumer Financing.
Ashish Kapoor, CPA, CA, CFA
Mr. Kapoor has over 15 years of experience in providing capital markets advisory and assurance services as a finance professional. After obtaining his Chartered Accountant designation at Ernst & Young, Mr. Kapoor has gained over 10 years of experience in investment banking, advising client across various industries. As a senior vice president at Macquarie Capital Markets Canada Ltd., Mr. Kapoor was responsible for the Canadian telecom, media, entertainment and technology investment banking and principal investing group. During his 10 years at Macquarie, Mr. Kapoor completed in excess of $3B in successful principal investments and advised on a further $4B of mergers and acquisitions for third party clients. Prior to Macquarie, Mr. Kapoor obtained his Chartered Accountant designation as part of the Ernst & Young's Toronto practice and was awarded the Gold Medal for first place in Ontario, and the Bronze Medal for third place in Canada on the 2000 Chartered Accountancy Uniform Final Examination. Mr. Kapoor is also a CFA Charter holder and holds a Masters of Accounting and a Bachelor of Arts degree from University of Waterloo.
Henry J. Kloepper
Mr. Kloepper is a leading financier and has been involved in investment banking and corporate finance for over 30 years. He brings a rounded knowledge of the capital markets, strategic growth, and investments. Mr. Kloepper is currently CEO of Houston Lake Mining Inc., Interim CEO of NWT Uranium Corp. and a director of Avieya Communications. Mr. Kloepper was previously a director and president of Mogul Energy International Inc. and has held executive positions with Award Capital, JP Morgan, Citibank, Bank of America, and North American Trust in the US, Canada, and Europe.
About LiveReel
Established in 1997, LiveReel Media Corporation is an entertainment company engaged in the financing, development, licensing, production and distribution of feature films, television series, television movies and non-fiction programming.
SOURCE LiveReel Media Corporation
Copyright © 2015 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
LiveReel Announcement
Feb 11, 2015
OTC Disclosure & News Service
-
LiveReel Announcement
Canada NewsWire
TORONTO, Feb. 11, 2015
NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, Feb. 11, 2015 /CNW/ - LiveReel Media Corporation (OTC: LVRLF.PK) (the "Company" announced that at a special meeting of shareholders held today, shareholders authorized the Company to file Article of Dissolution to dissolve the Company. The dissolution was approved by shareholders holding 20,898,653 common shares, representing 88.8% of the issued and outstanding shares of the Company.
The Company has entered into a Distribution and Winding-Up Agreement whereby its major shareholder, being the only creditor of the Company, will agree to forgive all of its existing indebtedness of approximately $330,584 in exchange for the assets of the Company. The Company's business activities are inactive and it has no cash or assets and accordingly, there will be no distribution made to shareholders.
Despite taking an active approach to examining business opportunities within and outside of the entertainment industry that could enhance shareholder returns, management has not been successful in attracting any new investment opportunity or business.
The Company's largest shareholder, which it has relied upon for financial support, has indicated that it is no longer willing to finance the Company. As a result, the board of directors concluded that an orderly dissolution of the Company makes imminent sense in light of the other options available.
The Company has requested that the OTC Bulletin Board cease trading its shares, as management believes they have no value.
SOURCE LiveReel Media Corporation
Copyright © 2015 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
OTC Markets Group Welcomes LiveReel Media to OTCQB
Nov 26, 2014
OTC Disclosure & News Service
New York, NY -
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced LiveReel Media Corp. (OTCQB: LVRLF) is verified for trading on OTCQB®, the venture marketplace for entrepreneurial and development stage companies, effective November 26, 2014.
Established in 1997, LiveReel Media is an entertainment company engaged in the financing, development, licensing, production and distribution of feature films, television series, television movies and non-fiction programming.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
Copyright © 2014 OTC Markets. All Rights Reserved
Last updated 12/26/2016 - 0.025
LiveReel announces change of auditor
Nov 17, 2016
OTC Disclosure & News Service
-
LiveReel announces change of auditor
Canada NewsWire
TORONTO, Nov. 17, 2016
NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, Nov. 17, 2016 /CNW/ - LiveReel Media Corporation (OTCQB: LVRLF) ("LiveReel" or the "Company"
announced today that the Company's board of directors has approved a change in its auditor. Effective November 14, 2016, the Company's audit committee and board of directors has accepted the resignation of Schwartz Levitsky Feldman LLP (the "Former Auditor" and appointed MNP LLP (the "Successor Auditor" as the Company's new auditor until the close of the next annual general meeting of the Company. The Company has sent a Notice of Change of Auditor (the "Notice"
to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the Ontario Securities Commission stating that they agree with the information contained within the Notice. The Notice together with the letter from the Former Auditor and the letter from the Successor Auditor have been reviewed by the Company's board of directors and are available on SEDAR at www.sedar.com. There were no disagreements or unresolved issues with the Former Auditor on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. It is the Company's opinion that there have been no "reportable events" (as defined in National Instrument 51-102 - Continuous Disclosure Obligation) between the Company and the Former Auditor.
About LiveReel
LiveReel Media Corporation is an entertainment company focused on the identification and evaluation of other assets or businesses for purchase, both within and outside of the film industry.
SOURCE LiveReel Media Corporation
Copyright © 2016 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
LiveReel reports delay in filing financial statements
Nov 01, 2016
OTC Disclosure & News Service
-
LiveReel reports delay in filing financial statements
Canada NewsWire
TORONTO, Nov. 1, 2016
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, Nov. 1, 2016 /CNW/ - LiveReel Media Corporation (OTCQB: LVRLF) ("LiveReel" or the "Company"
reports that the Company was unable to timely file on October 28, 2016, its annual consolidated financial statements and Management Discussion & Analysis ("MD&A" for the Company's financial year ended June 30, 2016, as required pursuant to National Instrument 51-102 – Continuous Disclosure Obligations, and the related CEO and CFO certifications (together, the "Certifications", as required pursuant to National Instrument 52-109 – Certification of Disclosure in Issuer's Annual and Interim Filings. The delay arises from the Company's recent discussions with its existing auditors with respect to a transition to a new external auditor. The Company anticipates that it will be able to complete the audit of the Company's consolidated financial statements for the year ended June 30, 2016 as soon as possible and anticipates filing such financial statements, MD&A and related Certifications on or before November 21, 2016.
In light of the delay, the Company has received notice from the Ontario Securities Commission ("OSC"
that the Company has been noted in default as a reporting issuer with the OSC for failure to file the aforementioned documents within the time period prescribed by Ontario securities law. Failure to timely file such documents may result in further action including the issuance of a cease trade order by the OSC, without further notice. In addition, the Company has also received notice from the OTC Markets Group that the Company has received a 30-day cure period to file its Annual Report for the fiscal year ended June 30, 2016 to maintain eligibility for the OTCQB market.
There is no other material information concerning the affairs of the Company that has not been generally disclosed.
About LiveReel
LiveReel Media Corporation is an entertainment company focused on the identification and evaluation of other assets or businesses for purchase, both within and outside of the film industry.
SOURCE LiveReel Media Corporation
Copyright © 2016 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Early Warning Report Issued Pursuant to National Instrument 62103 Acquisition of Shares of LiveReel Media Corporation
Mar 10, 2015
OTC Disclosure & News Service
-
Early Warning Report Issued Pursuant to National Instrument 62103 Acquisition of Shares of LiveReel Media Corporation
Canada NewsWire
TORONTO, March 10, 2015
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, March 10, 2015 /CNW/ - This press release is being disseminated as required by National Instrument 62103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report"
regarding the acquisition of LiveReel Media Corporation (OTC:LVRLF.PK) (the "Company" securities by each of GraySim Family Trust ("GraySim" and 2364201 Ontario Corp. ("2364201", of 85 Coleridge Ave., Toronto, Ontario, M4C 4H6 and 510E-500 Queens Quay West, Toronto, Ontario, M5V 3K8. GraySim, together with other third parties, entered into a stock purchase agreement with Difference Capital Financial Inc. ("Difference Capital"
, an arms-length party, whereby the GraySim acquired 5,895,046 common shares in the capital of the Company. The purchase price paid for the shares was for nominal consideration of $1.00 in aggregate, which amount on a per share basis was well below the closing market price on the date preceding the trades. GraySim and its joint actors beneficially own 17,757,408 common shares in the capital of the Company, representing approximately 75.5% of the issued and outstanding voting securities of the Company on a fullydiluted basis. 2364201, together with other third parties, entered into a stock purchase agreement with Difference Capital, an arms-length party, whereby the 2364201 acquired 5,895,046 common shares in the capital of the Company. The purchase price paid for the shares was for nominal consideration of $1.00 in aggregate, which amount on a per share basis was well below the closing market price on the date preceding the trades. 2364201 and its joint actors beneficially own 10,040,028 common shares in the capital of the Company, representing approximately 42.5% of the issued and outstanding voting securities of the Company on a fullydiluted basis.
This transaction is exempt from the formal take-over provisions of the Securities Act (Ontario) pursuant to section 100.1(1) of the Act. The securities were acquired for investment purposes and each of GraySim and 2364201 may increase or decrease its beneficial ownership or control depending on market or other conditions.
A copy of the Early Warning Report may be found on www.SEDAR.com.
SOURCE LiveReel Media Corporation
Copyright © 2015 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
LiveReel Announces Changes to the Board and Management
Mar 10, 2015
OTC Disclosure & News Service
-
LiveReel Announces Changes to the Board and Management
Canada NewsWire
TORONTO, March 10, 2015
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, March 10, 2015 /CNW/ - LiveReel Media Corporation (OTCBB: LVRLF.PK) announced the appointment of J. Graham Simmonds, Ashish Kapoor and Henry J. Kloepper who joined the board of directors following the resignation Michael Wekerle, Henry Kneis and Thomas Astle. Mr. Wekerle resigned as Chief Executive Officer and was replaced by J. Graham Simmonds. Mr. Kneis, the Corporation's Chief Financial Officer resigned and was replaced by Ashish Kapoor. In addition, Mr. Kapoor was appointed Secretary.
J. Graham Simmonds
Mr. Simmonds has over 17 years of experience in public company management and business development projects within both the gaming and technology sectors. Mr. Simmonds is licensed and/or has previously been licensed/registered with a number of horse racing and gaming commissions in the United States and Canada. Mr. Simmonds developed and launched the first in-home digital video horseracing service in North America and is a former director and partner in eBet Technologies Inc., a licensed ADW operator and software developer for the online horse racing industry in the United States. He is the founder and CEO of Baymount Incorporated, a diversified investment, financial advisory and venture capital firm focused in opportunities within the horse racing, gaming and technology industries and the CEO of Gilla Inc, a designer, marketer and distributer of electronic cigarettes, vaporizers and e-liquids. Mr. Simmonds was formerly the chairman of DealNet Capital Corp., a merchant banking company focused on Business Process Outsourcing and Consumer Financing.
Ashish Kapoor, CPA, CA, CFA
Mr. Kapoor has over 15 years of experience in providing capital markets advisory and assurance services as a finance professional. After obtaining his Chartered Accountant designation at Ernst & Young, Mr. Kapoor has gained over 10 years of experience in investment banking, advising client across various industries. As a senior vice president at Macquarie Capital Markets Canada Ltd., Mr. Kapoor was responsible for the Canadian telecom, media, entertainment and technology investment banking and principal investing group. During his 10 years at Macquarie, Mr. Kapoor completed in excess of $3B in successful principal investments and advised on a further $4B of mergers and acquisitions for third party clients. Prior to Macquarie, Mr. Kapoor obtained his Chartered Accountant designation as part of the Ernst & Young's Toronto practice and was awarded the Gold Medal for first place in Ontario, and the Bronze Medal for third place in Canada on the 2000 Chartered Accountancy Uniform Final Examination. Mr. Kapoor is also a CFA Charter holder and holds a Masters of Accounting and a Bachelor of Arts degree from University of Waterloo.
Henry J. Kloepper
Mr. Kloepper is a leading financier and has been involved in investment banking and corporate finance for over 30 years. He brings a rounded knowledge of the capital markets, strategic growth, and investments. Mr. Kloepper is currently CEO of Houston Lake Mining Inc., Interim CEO of NWT Uranium Corp. and a director of Avieya Communications. Mr. Kloepper was previously a director and president of Mogul Energy International Inc. and has held executive positions with Award Capital, JP Morgan, Citibank, Bank of America, and North American Trust in the US, Canada, and Europe.
About LiveReel
Established in 1997, LiveReel Media Corporation is an entertainment company engaged in the financing, development, licensing, production and distribution of feature films, television series, television movies and non-fiction programming.
SOURCE LiveReel Media Corporation
Copyright © 2015 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
LiveReel Announcement
Feb 11, 2015
OTC Disclosure & News Service
-
LiveReel Announcement
Canada NewsWire
TORONTO, Feb. 11, 2015
NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, Feb. 11, 2015 /CNW/ - LiveReel Media Corporation (OTC: LVRLF.PK) (the "Company"
announced that at a special meeting of shareholders held today, shareholders authorized the Company to file Article of Dissolution to dissolve the Company. The dissolution was approved by shareholders holding 20,898,653 common shares, representing 88.8% of the issued and outstanding shares of the Company. The Company has entered into a Distribution and Winding-Up Agreement whereby its major shareholder, being the only creditor of the Company, will agree to forgive all of its existing indebtedness of approximately $330,584 in exchange for the assets of the Company. The Company's business activities are inactive and it has no cash or assets and accordingly, there will be no distribution made to shareholders.
Despite taking an active approach to examining business opportunities within and outside of the entertainment industry that could enhance shareholder returns, management has not been successful in attracting any new investment opportunity or business.
The Company's largest shareholder, which it has relied upon for financial support, has indicated that it is no longer willing to finance the Company. As a result, the board of directors concluded that an orderly dissolution of the Company makes imminent sense in light of the other options available.
The Company has requested that the OTC Bulletin Board cease trading its shares, as management believes they have no value.
SOURCE LiveReel Media Corporation
Copyright © 2015 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
OTC Markets Group Welcomes LiveReel Media to OTCQB
Nov 26, 2014
OTC Disclosure & News Service
New York, NY -
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced LiveReel Media Corp. (OTCQB: LVRLF) is verified for trading on OTCQB®, the venture marketplace for entrepreneurial and development stage companies, effective November 26, 2014.
Established in 1997, LiveReel Media is an entertainment company engaged in the financing, development, licensing, production and distribution of feature films, television series, television movies and non-fiction programming.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed
Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
Copyright © 2014 OTC Markets. All Rights Reserved
