NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
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
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit http://www.arhtmedia.com/ or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
ARHT Media Public Relations
Kam Gill
+1 416 861 5875
kam@arhtmedia.com
Regulatory Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Offering, use
of proceeds of the Offering and anticipated closing of the next tranche of the Offering. Generally, forward looking
information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and
competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with
applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The 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 may not be offered or sold within the United
States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent
such registration or an applicable exemption from such registration requirements.
NEITHER THE 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.
