/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Nov. 16, 2017 /CNW/ - Network Media Group Inc. (TSXV:NTE.V) and Network
Entertainment Inc. (the "Company"), announces that it will proceed with a non-brokered private placement of up to
13,333,333 shares of the Company (the "Shares") at $0.15 per Share for gross proceeds of up
to $2,000,000 "the "Offering").
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory
approvals, including the TSX Venture Exchange (the "Exchange"). All Shares issued in connection with the Offering
will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with the policies of
Exchange and applicable securities legislation. The net proceeds of the Offering will be used to retire indebtedness and for
working capital.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in
this news release in the United States. Such securities have not been, and will not be,
registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities
laws, and, accordingly, may not be offered or sold within the United States, or to or for the
account or benefit of persons in the United States or "U.S. Persons", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration requirements.
About Network Media Group/Network Entertainment Inc.
Network is focused on becoming one of the world's leading developers and producers of entertainment properties for the
global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television
and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted
feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee,
Steve McQueen, Evel Knievel, Johnny
Cash, Chris Farley (which set all time ratings records for Spike), JFK Jr. and, most
recently, Heath Ledger. The Company recently received the prestigious Realscreen Award in
2017 for Non-Fiction – History/Biographical Series for its documentary series Facing. Network's past projects
and current productions can be viewed at www.networkentertainment.ca . For further information concerning this press release,
please email info@networkentertainment.ca
ON BEHALF OF THE BOARD OF DIRECTORS OF
NETWORK MEDIA GROUP INC.
" Derik A. Murray "
Derik A. Murray
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Except for historical information contained herein, this news release contains forward-looking statements
that involve risks and uncertainties, including the Company not obtaining required TSX Venture Exchange approval of the
Transaction and the Transaction not being completed as proposed or at all. These statements are necessarily based upon
management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that,
while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant
uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being
incorrect. All forward ‐ looking information in this news release involve known and unknown risks, uncertainties
and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the
Company to be materially different from those expressed or implied by such forward ‐ looking information. Except as
required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events
or circumstances after the date hereof.
SOURCE Network Media Group Inc.
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