Vancouver, B.C. – October 17, 2018 – Imagination Park Entertainment Inc. (CSE: IP) (OTC: IPNFF) (“Imagination Park” or “Company”) has amended the terms of 4,758,571 common share purchase warrants that were issued by way of private placement (the “PP Warrants”) and 2,500,000 common share purchase warrants that were issued by way of bonus on a loan agreement (the “Loan Warrants”).
The PP Warrants affected are the 4,758,571 transferable common share purchase warrants issued on May 16, 2018 at an exercise price of $0.50 and an expiry date of May 16, 2021. The Company received approval from all warrant holders to amend the exercise price to $0.25. Pursuant to the policies of the Canadian Securities Exchange, the amended PP Warrants will be subject to an accelerated exercise provision: