Liquid Media (YVR) to Sell 1.79M Shares at $3.35

March 18, 2021 10:00 AM EDT

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Liquid Media Group Ltd. (Nasdaq: YVR), today announced that it has entered into definitive agreements with several institutional investors for the issuance and sale of an aggregate of 1,791,045 of its common shares, at a purchase price of USD$3.35 per share, in a registered direct offering. The closing of the offering is expected to occur on or about March 22, 2021, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds from the offering are expected to be approximately USD$6.0 million. The Company intends to use the net proceeds from the offering for working capital purposes, expanding existing businesses or acquiring or investing in businesses, debt reduction or debt refinancing, capital expenditures and other general corporate purposes.



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