ARHT Media to Issue Units in Settlement of USD $400,000 Debt

TORONTO, CANADA – Oct 17, 2019 – ARHT Media Inc. (the “Company” or “ARHT”) (TSX-V:ART), a global leader in holographic telepresence, is pleased to announce that it has agreed to settle its debt of USD $400,000 (CAD equivalent $530,000) owed by the Company to ARHT Asia Limited (“ARHT Asia”).

Pursuant to terms of a letter agreement, ARHT Asia has agreed to set-off US$400,000 (CAD equivalent $530,000) in consideration of the issue to ARHT Asia of 4,076,923 Units (as defined herein), valued at CAD $0.13 per Unit.

Each unit (“Unit”) will consist of one common share in the capital of the Company (each a “Common Share”), and one common share purchase warrant (each a “Warrant”). Each whole Warrant will entitle ARHT Asia to purchase one Common Share at a price of CAD$0.18 per Common Share, exercisable for 36 months from the date of issue (the “Closing Date”). If at any time after that date which is four months and one day after the Closing Date the price per Common Share on the principal market on which such shares trade is CAD$0.50 or higher (on a volume weighted adjusted price basis) for a period of at least six (6) consecutive weeks, then the Company may elect to accelerate the expiry date of the Warrants and, as such, the Warrants will expire on the date which is thirty (30) days following the date upon which the Company issues a new release announcing the accelerated expiry date.

The Units to be issued pursuant to this transaction will be subject to a four month and one day statutory hold period.

Following settlement of this debt, the Company will have no further debt outstanding.

This transaction is subject to approval of the TSX Venture Exchange.

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.

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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.


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