ARHT Media Announces Closing of a $250,000 Private Placement of Secured Subordinated Debentures
Summary
TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or the "Company") (TSXV:ART), (OTCQB:ARHTF) the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, is pleased to announce that the Company has successfully closed a private placement (the Private Placement) of 2024 Series A secured subordinated debentures (the Debentures) for an aggregate principal amount of $250,000 (the "Principal Amount").The Debentures mature on August 3, 2025 (the "Maturity Date") and carry an annual interest rate of 15%, accrued and payable semi-annually on each of June 30 and December 31, in cash or shares at the option of the Company and subject to the approval of the TSX Venture Exchange (the "TSXV"). Subject to certain conditions, the Company will have the right to prepay any or part of the Debentures at any time prior to the Maturity Date by paying the Principal Amount. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers, and thought leaders can travel at the speed of light to any destination.ARHT was founded in 2014 and is publicly traded on the TSX Venture Exchange. ARHT has offices in North America, Europe and Asia and operates from its own studios in locations from Toronto to Singapore, as well as a large network of partner studios in every region.Connect with ARHT:LinkedIn: Instagram: Facebook: X, formerly known as Twitter: Youtube:For more information, please visit or .Alternatively, email us directly at .ARHT trades under the symbol "ART" on the TSX Venture Exchange.This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.