Brighter Minds Media, Inc. Announces Private Placement


    TORONTO, Oct. 31 /CNW/ - Brighter Minds Media, Inc. ("Brighter Minds" or
the "Company") (TSX: BRI.V) is pleased to announce that it has agreed to
issue, on a private placement basis, 494,934 common shares at a price of 
 C$0.40 per common share to Valens U.S. SPV I, LLC. Such shares are being
issued in consideration for certain amendments to the existing credit facility
between the Company and Valens U.S. SPV I, LLC. All securities issued pursuant
to the private placement will be subject to a four month restricted resale
period from the date of issue. The private placement is subject to the
approval of the TSX Venture Exchange.

    About Brighter Minds Media

    Brighter Minds is a publisher of online and multimedia materials for the
whole family with a focus on creating a wholesome online environment for
children and the family. Brighter Minds is also proud to offer a fun and
educational line of retail products including software and books. Brighter
Minds' products are available online and at major retailers across the United
States and Canada. Brighter Minds Media, Inc. is publicly traded on the TSX
Venture Exchange (TSX: BRI.V) and is a Hargan Ventures (
investee company. More information about Brighter Minds can be found at

    Forward-looking Statements

    This news release contains certain information and statements, including
those that express management's expectations of future developments or future
performance, which may not be based on historical fact and constitute
"forward-looking statements" within the meaning of applicable securities laws.
 Such forward-looking statements include, but are not limited to, statements
regarding the Company's strategies, future operations and expected growth and
its ability to fund its operations in the future. By their nature
forward-looking statements are subject to known and unknown risks,
uncertainties, and other factors which may cause actual results or
developments to be materially different from any future results, events or
developments, expressed or implied, by such forward-looking statements.
Numerous factors could cause actual results to differ materially from those in
the forward-looking statements, including without limitation, the Company's
ability to compete directly against North American and international companies
in the market segments in which it operates; seasonal variations in the
Company's revenues; its ability to expand its product lines; its ability to
maintain strategic relationships with third-party licensees, licensors and
distributors; its dependence on key customers and contracts; its ability to
protect its intellectual property; and the time and costs of defending
potential intellectual property claims. This list is not exhaustive of the
factors that may affect any of the Company's forward-looking statements.
Investors are cautioned not to put undue reliance on forward-looking
statements. The Company disclaims any intention or obligation to update or
revise the forward-statements contained herein as a result of new information,
future events or otherwise, which statements are expressly qualified by this
    Certain of the assumptions made by Brighter Minds in preparing
forward-looking information and management's expectations include: maintenance
of its existing stable of licenses and future retention of the right to
license such properties, its ability to market its products successfully to
anticipated customers, the impact of increasing competition, the retention of
its key personnel, continued consumer demand for its products, its ability to
operate in compliance with all applicable laws and regulations, its ability to
obtain financing on acceptable terms and that there will be no significant
changes in the regulation of its business.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    (Not for dissemination in the United States of America)

For further information:

For further information: Sam Ifergan, Chairman & CEO,, (416) 923-0660 ext. 229

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