VANCOUVER, British Columbia, June 06, 2022 (GLOBE NEWSWIRE) -- Pioneer Media Holdings Inc. (NEO: JPEG, AQSE: PNER) ("Pioneer" or the "Company") announces accelerated releases of its common shares from escrow, with respect to escrow agreements (collectively, the "Escrow Agreements") entered into by the Company with respect to its previous listing on the Canadian Securities Exchange and the filing of a prospectus in 2019, when the Company was known as "Haro Metals Corp."
As the Company's common shares are now listed for trading on the Aequitas Neo Exchange, the release schedule will be modified under the Escrow Agreements to match that of an "established issuer" release schedule. As such, 4,724,445 common shares will be released from escrow imminently, with the remaining 3,358,125 common shares to be released from escrow on October 12, 2022.
The Company's directors take full responsibility for this announcement.
About Pioneer Media Holdings Inc.
Pioneer is technology incubator creating a full Web3 ecosystem focusing on NFT, NFT Gaming, DAO and tokenized communities. Pioneer's experienced management team leverages its global network and expertise to provide investors with direct access to a portfolio of innovative, early-stage to mid-level growth companies in the space.
Additional information about Pioneer is available at www.p10neer.comor www.sedar.com.
ON BEHALF OF PIONEER MEDIA HOLDINGS INC.
"Darcy Taylor"
CEO & Director
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
Brian Stockbridge / Gabrielle Cordeiro +44 7876 888 011
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding the payment of consideration regarding the Crowdform acquisition described above. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
