Wonderfilm Announces Marketing of CAD$65.9 Million Asset-Backed Debt Facility
2019年10月24日 - 12:02AM
InvestorsHub NewsWire
VANCOUVER, British Columbia, Oct. 22,
2019 -- InvestorsHub NewsWire – The Wonderfilm Media
Corporation (WNDR.V) (WDRFF), a producer of high-quality feature
films and episodic television with international appeal, today
announces the co-marketing of a third-party, USD$50 million (C$65.9
million) asset-backed debt facility (“Facility”) designed to
escalate the pace of the Company’s revenue and increase overall
production efficiency.
The Facility will be an independent, U.S.-based limited
liability corporation (“LLC”) that would exclusively support and be
secured against specific future Wonderfilm movie productions. The
Facility provides Wonderfilm the immediate advantage of accelerated
green-lighting and scheduling of production and delivery of its
film and television slate, and the potential of rapid
revenue-generation and production by cash flowing all pre-sale
movie contracts, as well as finances various levels of government
tax credits and tax incentives.
“Wonderfilm continues its exciting growth phase
with access to funds that will greatly streamline our ability to
deliver content to streaming services, theatres and broadcasters
around the world. Time is money, and currently we have to undertake
a single financing for each and every movie employing a paperwork
and approval process that by its nature is long and cumbersome,
which negatively impacts our ability to quickly schedule
productions. The debt-facility streamlines this procedure, allowing
us to schedule film shoots on our terms and on our timetable. The
fund provides Wonderfilm a strong strategic advantage in the
market,” states Wonderfilm CEO Kirk Shaw.
About Wonderfilm Media
Corporation
Wonderfilm is a leading publicly traded entertainment company with
offices in Los Angeles & Vancouver [TSXV: WNDR] [OTC: WDRFF]. Wonderfilm’s main business is the
production of high-quality feature films & episodic television.
Global Content Creation leaders - the Wonderfilm team - has
packaged, produced and delivered hundreds of profitable films with
proven direct access to Academy Award Quality films and upside. For
more information, visit the company’s website
at www.Wonderfilm.com.
Neither the TSX Venture Exchange Inc.
(“Exchange”) nor its regulation services provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
Cautionary
Statements
This press release contains forward-looking statements as
defined by applicable securities
laws. Forward-looking statements are statements that
relate to future, not past, events. In this context,
forward-looking statements often address expected future business
and financial performance, and often contain words such as
"anticipate," "believe," "plan," "estimate," "expect," and
"intend," statements that an action or event "may," "might,"
"could," "should," or "will" be taken or occur, or other similar
expressions. Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond Wonderfilm’s control and Wonderfilm’s
actual results could well differ materially from those stated or
implied in forward-looking statements due to many various factors.
Although Wonderfilm believes that the expectations reflected in the
forward-looking statements are reasonable, the Company cannot
guarantee that the events and circumstances reflected in the
forward-looking statements will be achieved or occur. The timing of
events and circumstances and actual results could differ materially
from those projected in the forward-looking statements.
Accordingly, one should not place undue reliance on forward-looking
statements. All such reflect the date made only. Wonderfilm
undertakes no obligation to update or publicly revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For further details, please see the Company’s documents
filed on the System for Electronic Document Analysis and Retrieval
at www.sedar.com.
Wonderfilm Contact:
Info@Wonderfilm.com
Phone: 1-604-638-4890
www.Wonderfilm.com
Or
PCG Advisory
Kirin Smith, President
Phone: KSmith@PCGAdvisory.com
Phone: (646) 863-6519
Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
The Wonderfilm Media (TSXV:WNDR)
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The Wonderfilm Media (TSXV:WNDR)
過去 株価チャート
から 12 2023 まで 12 2024