Gold Sponsors
Array Telepresence Logo   Human Productivity Lab Logo   Ashton Bentley Logo
Silver Sponsors
Bronze Sponsors
Telepresence Options Magazine

Latest Telepresence and Visual Collaboration News:
Full Article:

ARHT Media Announces Upsizing of Private Placement Financing

January 24, 2018 | Telepresence Options


TORONTO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- ARHT Media Inc. (the "Company" or "ARHT") (TSX-V:ART), creators of digital human holograms called HumaGrams, is pleased to announce that following higher than anticipated interest the Company has increased the size of its previously announced private placement financing from $4 million to $5 million (the "Offering"). The Company will now issue up to 12.5 million units of the Company at a purchase price of $0.40 per unit.

Each unit (a "Unit") consists of one common share of the Company (a "Share") and one-half of one Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Share at a price of $0.60 for a period of 24 months following the closing date. If at any time after four months and one day from the closing of the financing the common shares of the Company trade at $0.80 per common share or higher (on a volume weighted adjusted basis) for a period of 20 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right

The securities underlying the Units issued on closing of the Offering will all be subject to a four-month statutory hold period commencing on the date of issuance. The Company will pay finder's fees in accordance with TSX Venture Exchange policies.

The proceeds from the Offering will be used for general working capital purposes and to acquire equipment related to the business. The next tranche of the Offering is scheduled to close on or about February 14, 2018 and is subject to certain conditions including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About ARHT Media

ARHT's patented Augmented Reality Holographic Telepresence technology is the world's first complete end-to-end solution for the creation, transmission, and delivery of lifelike digital human holograms, known as HumaGrams™. The Company's technology is protected by U.S. Patent No. 9,581,962.

Connect with ARHT Media
For more information, please visit or contact the investor relations group at [email protected].

ARHT Media trades under the symbol "ART" on the Toronto Venture Stock Exchange.

ARHT Media Public Relations
Kam Gill
+1 416 861 5875
[email protected]

Add New Comment

Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.