MediaCentral Corporation receives notification of intent to enhance security, Canadian Business Journal

Toronto, March 13, 2022 (GLOBE NEWSWIRE) — Media Central Corporation, Inc. (CSE: FLYY, FSE: 3AT) or (“Company”) today in Section 244 (1) on March 9, 2022. Announced based on. Bankruptcy and bankruptcy law (Canada), Weilin in his position as a nominee holder (“Nominee holder”) Regarding collateralized convertible bonds ((((the “Corporate bonds”) Issued on behalf of each holder (“”Bond holders”) Of the outstanding bonds with a total principal amount of more than $ 1,097,000, we intend to strengthen the collateral for our assets. Bondholders have general security interests in the company’s assets, subject to the terms of the bond. Nominee holders have been appointed by bondholders who hold more than 51% of the principal of the issued bonds.

We will provide further updates as more information becomes available.

About Media Central Corporation Inc.

Media Central Corporation Inc. is an alternative media company that acquires and develops high-quality publishing assets, starting with the recent acquisition of Vancouver Free Press Corp., the acquisition of NOW Communications Inc., and the launch of the digital cannabis platform am. ESports Outlet

CSE has not validated or confirmed the validity or accuracy of this release and is not responsible for it.

Precautions regarding forward-looking statements

The specific information in this news release constitutes a forward-looking statement under applicable securities law. Any statement contained in this news release that is not a statement of historical facts may be considered a forward-looking statement. Forward-looking statements are often “may”, “should”, “expect”, “expect”, “potential”, “believe”, “intended”, Or they are identified by negative or similar expressions in these terms. Forward-looking statements in this news release may include, but are not limited to, decisions on corporate bond holders’ actions. Forward-looking statements necessarily include known and unknown risks, including, but not limited to, risks related to general economic conditions and other risks.

Please note that the above list is not exhaustive and requires careful consideration of the various risks and uncertainties identified in our filings regarding SEDAR. Readers should also be careful not to place undue reliance on forward-looking statements. There is no guarantee that any plans, intentions, or expectations will arise in which they will be placed. Such information is considered reasonable by management at the time of creation, but may prove inaccurate and actual results may differ materially from expectations.

Forward-looking statements contained in this news release were made as of the date of this news release and we intend to reflect new information, subsequent events, or otherwise unless required by the relevant securities. We undertake no obligation to publicly update such forward-looking statements. law.

The forward-looking statements contained in this news release are explicitly modified by this notice.

Source: Media Central Corporation Inc.

contact address:

Maria Missieri
Corporate secretary

CBJ News Maker

MediaCentral Corporation receives notification of intent to enhance security, Canadian Business Journal

Source link MediaCentral Corporation receives notification of intent to enhance security, Canadian Business Journal

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