ARHT Media Announces Closing of Debenture Financing

Year over Year Revenue Increases Q3 +36%, Q4 +165%, Q1 +160%

TORONTO, CANADA – May 14, 2019 – ARHT Media Inc. (“ARHT” or the “Company”) (TSXV:ART), the global leader in the development, production and distribution of high-quality hologram content through its patented Holographic Telepresence technology, is pleased to announce that, further to its press release on May 2, 2019, the Company has closed the private placement (the “Private Placement”) of Series 2019-A 12% secured debentures denominated at $1,000 (the “Debentures”) by issuing Debentures for total gross proceeds of $800,000. The Debentures will be secured against the assets of the Company and will bear interest at the rate of 12% per annum. The Debentures will mature on the earlier of: (i) 12 months from the date of issuance; and (ii) the date upon which ARHT completes a private placement financing raising gross proceeds of no less than CAD$2 million. The Debentures may be prepaid by the Company at any time without penalty, provided that a minimum of four months’ interest will be payable by the Company.   The Company has also issued 1,120,000 warrants to the holders of the Debentures, being 1,400 warrants per $1,000 principal amount of Debenture. Each warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.21 for a period of 12 months.

All securities issued pursuant to the Private Placement are subject to a four month and one day hold period in accordance with applicable securities laws. The net proceeds from the Private Placement will be used to assist the Company to put on events, acquire equipment and for general working capital purposes. The Private Placement is subject to the final approval of the TSX Venture Exchange (the “TSXV”).

The Company would like to clarify that year-over-year Q1 2019 revenue was 260% of Q1 revenue from the prior year, for an increase of 160%. The Company reported an increase in revenue of 260% in a press release dated May 8, 2019. The actual revenue numbers reported were accurate.

About ARHT Media

ARHT Media’s patented HoloPresence™ technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence™ displays to deliver rich holographic experiences.  Add to this our capability to stream the same content online on our premium Virtual Global StageTM.

Connect with ARHT Media:


For more information, please visit or contact the investor relations group at [email protected]

ARHT Media trades under the symbol “ART” on the TSX Venture Exchange.

Salman Amin
ARHT Media
[email protected]

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry.  Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


Leave a Reply

Your email address will not be published. Required fields are marked *

Stay in the loop.

Sign up to get the monthly ARHT Insider updates straight to your inbox.

Company info

ARHT Media is publicly traded on the
TSX Venture Exchange.

© 2023 ARHT. All Rights Reserved.

Enquire now