MIAMI BEACH, FL, Oct. 24, 2013 /CNW/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) is pleased to announce that the management of Rangemore has approved
the decision to co-list its common shares on the Canadian National
Stock Exchange (CNSX). The process will involve completing a three
year audit, filing a prospectus with the British Columbia Securities
Commission and listing application with the CNSX. The audit process
will be commencing shortly and management has begun preparing the
The advantages are:
Rangemore will become fully reporting much quicker by having to only
complete a three year audit rather than ten.
Management can prepare the bulk of the documentation in house thereby
reducing legal costs.
The CNSX is a recognized globally as fully operational stock exchange
not a quotation system.
The CNSX operates on a true auction based trading system eliminating the
need for market makers.
Canadians citizens will be able to participate in the common share
Access to funds held in RRSP and Tax Free Savings Accounts.
Credibility and stability in the common share market.
Potential for broker sponsorship.
Access to European investors.
Rangemore will be relying on their Secretary/Treasurer, Richard Smith,
to draw on his experience gained during his two year tenure as Listing
Manager-Western Canada for the CNSX, to see the process through. Mr.
Smith was also the first to co-list a CNSX company on a European stock
exchange. Co-listing Rangemore on the CNSX it will allow European
investor to purchase common shares through the open market.
"By co-listing on the CNSX we fast track the process of becoming fully
reporting and we can then get access to Europe" stated Richard Smith,
Secretary and Treasurer of Rangemore. "We have great contacts over in
Europe but they can't participate currently because of where our common
shares are quoted. Listing on the CNSX takes care of all that"
continued Mr. Smith.
About Rangemore Film Productions Corp.
Rangemore Film Productions Corp. is a publicly traded company who is in
the business of operating film studios and co-producing independent
Rangemore is currently in the process of identifying and acquiring
studio suitable properties in four key markets: Asia; South Africa;
Europe and North America. Potential acquisition sites will have to
meet certain criteria including: a low cost per square foot; easy
conversion into usable studio space; established local infrastructure;
established local film industry; limited or non-existent competition;
available government tax incentives and mortgage financeable. The
identified acquisitions will be either purchased outright utilizing
debt funding and tax credit incentive programs or leased on a long term
Along with the studio operations, Rangemore will be actively investing
in and co-producing independent film productions. Currently Rangemore
has a revenue sharing agreement with an independently produced feature
film and a second agreement with a ten episode cartoon series.
Rangemore Film Productions Corp. is a Development Stage Company, as
defined by Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") 915, Development Stage Entities, and has
not yet generated significant revenues from their intended business
For more information on Rangemore Film Productions Corp. please call
786.924.6579 or go to www.rangemorefilmproductions.com
Forward Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See Rangemore
Film Productions Inc.'s filings with OTCMarkets which may identify
specific factors that may cause actual results or events to differ
materially from those described in the forward-looking statements.
SOURCE: Rangemore Film Productions Corp.
For further information:
For more information on Rangemore Film Productions Corp. please call 786.924.6579 or go to www.rangemorefilmproductions.com