TORONTO, Nov. 16, 2011 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTCBB: YOOIF), the industry's leading secure digital
media distribution company, announced today that it has filed an
amended and restated information circular (the "Amended Circular") with
respect to its Annual General and Special Meeting to be held Wednesday,
November 30, 2011 (the "Meeting"). The Amended Circular shall replace
and supersede the information circular of the Company dated October 31,
2011 (the "Circular") in respect of the Meeting. The Circular has been
amended so as to include additional information with respect to Scott
Wambolt, President and CEO and a director of the Company, and Anthony
Miller, director of the Company, that was not included in the original
Circular as the result of an administrative error and of which the
Company was not aware at the time the Circular was filed. The
amendments to the Circular relate only to the correction of Scott
Wambolt's and Anthony Miller's share ownership from Nil to 2,333,333
and 140,000 shares, respectively, in the table under the heading
"Election of Directors" and consequential amendments to adjust for the
correction of this section. The Amended Circular otherwise remains
unchanged from the Circular, which was previously mailed to
shareholders. A copy of the Amended Circular is available for viewing
under the Company's profile on SEDAR at www.sedar.com.
YANGAROO's patented Digital Media Distribution System (DMDS) is a
leading secure B2B digital delivery solution for the music and
advertising industries. DMDS replaces the physical distribution of
audio and video content for music, music videos, and advertising to
television, radio, media, retailers, and other authorized recipients
with more accountable, effective, and far less costly digital delivery
of broadcast quality media via the Internet. The DMDS Awards platform
powers many of the North America's major awards shows.
Named one of Canada's Top 100 Tech Companies by Canadian Business,
YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas.
YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol
YOO and in the U.S. under OTCBB: YOOIF.
The statements contained in this release that are not purely historical
are forward-looking statements and are subject to risks and
uncertainties that could cause such statements to differ materially
from actual future events or results. Such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE YANGAROO Inc.
For further information:
please contact Scott Wambolt at 416-534-0607 ext.111 or visit www.yangaroo.com.