Bassett Media announces proposed acquisition of Haizou Media Corporation
Formed in 2006 to take advantage of the growing demand for advertising services in
Closing of the Acquisition is conditional upon, inter alia, completion of a concurrent equity financing on terms satisfactory to the parties, the negotiation and execution of a definitive share exchange agreement, completion of satisfactory due diligence, and receipt of all required third party consents and security-holder and regulatory (including TSX Venture Exchange) approvals.
About Bassett Media
Bassett Media is a Toronto-based media company created for the purpose of holding and developing various media-focused businesses. Its two primary business units in the media space are Impulse Media and Concourse Media.
Concourse Media was founded in 2002 and is one of the largest network providers of digital advertising in
Impulse Media, also based in
FORWARD LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to the proposal to complete the Acquisition. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Acquisition, that the ultimate terms of the Acquisition will differ from those that currently are contemplated, and that the Acquisition will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The statements in this press release are made as of the date of this release. Bassett Media and HMedia undertake no obligation to update forward looking information, other than as required by law.
For further information: Matthew Bassett, President and Chief Executive Officer, Bassett Media Group Corp., Phone No.: (416) 214-5997
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