VANCOUVER, BC, Dec. 16,
2022 /CNW/ - Network Media Group Inc. (TSXV:
NTE) (OTCMKTS: NETWF) (the "Company") is pleased to announce
that all matters put forward to its shareholders at the Company's
Annual General and Special Meeting of Shareholders (the "AGM") held
on Friday, December 16, 2022, were
duly approved. Details of the voting results are provided
below.
The shareholders were represented in person or by proxy by
20,265,948 Common Shares, representing 22.74% of the Company's
outstanding Common Shares.
Immediately following the close of the AGM, the Board of
Directors confirmed the appointment of the Company's officers,
whose names and respective offices are as follows:
- Derik Murray, Chief Executive
Officer
- Paul Gertz, President &
Chief Operating Officer
- Darren Battersby, Chief
Financial Officer
- Ali Pejman, Chairman
- Tim Gamble, Director
- Steven Kotlowitz, Director
- Dr. Greg Zeschuk, Director
Baker Tilly WM LLP was re-elected as the auditor of the Company
for a period extending until the 2023 AGM.
An ordinary resolution of shareholders approving the Company's
amendments to the 20% fixed Share Option Plan was also
approved.
About Network Media Group / Network Entertainment
Network Media Group is the parent company of Network
Entertainment Inc.
Network Entertainment is a creatively
driven, boutique film, television, and digital content production
company that creates, finances, and produces award-winning
programming for television, digital platforms and movie audiences
around the world.
The Network premium brand of content delivers world-class casts and
features visually cinematic, richly crafted storytelling. The
Company's productions are consistently embraced by both audiences
and critics alike, garnering awards, record ratings and
unparalleled media coverage for Network and its partners. Newly
formed Network NFT Studios collaborates with IP owners, artists,
and top talent to create, distribute, and monetize NFT campaigns
and related initiatives in the digital universe
(networknft.ca).
For additional information on Network Entertainment Inc.,
visit www.networkentertainment.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement on Forward-looking
Information
Except for historical information contained herein, this news
release contains forward-looking statements that involve risks and
uncertainties. These statements are necessarily based upon
management's perceptions, beliefs, assumptions and expectations, as
well as a number of specific factors and assumptions that, while
considered reasonable by management of the Company as of the date
of such statements are inherently subject to significant
uncertainties and contingencies that could result in the
forward-looking information ultimately, perhaps materially, being
incorrect. All forward-looking information in this news release
involve known and unknown risks, uncertainties and other factors
that are beyond the control of the Company and may cause the actual
results, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information. Except as required pursuant to
applicable securities laws, the Company will not update these
forward-looking statements to reflect events or circumstances after
the date hereof.
SOURCE Network Media Group Inc.