NOT FOR DISTRIBUTION TO
PIONEER MEDIA HOLDINGS INC.
DECEMBER 1, 2021
PIONEER COMPLETES ACQUISITION OF KODOKU STUDIOS
Kodoku is a studio based in
Hewie Rattray, CEO of Kokoku commented, "I am positively thrilled by the acquisition of Kodoku by Pioneer. We relish the opportunity to exercise our vision in the NFT gaming market under the guidance of such an innovative company. We eagerly anticipate unifying with the Pioneer trajectory as we push the frontiers of the metaverse to new limits."
In consideration of all of the securities of Kodoku, the Company paid cash consideration of
Application will be made for 8,000,000 common shares to be admitted to trading on Aquis Stock Exchange and such admission is expected to occur at 8:00am on or around 7 December 2021.
Following the issuance of the above-mentioned common shares, the Company's issued share capital will comprise 64,640,365 common shares without par value, with each share carrying the right to one vote.
Kodoku and its shareholders are not "related parties" (as such term is defined under CSE policies) of the Company.
The directors take responsibility for this announcement.
About Pioneer Media Holdings Inc.
Pioneer is an investment issuer that actively invests in and acquires a diversified portfolio of early-stage to mid-level companies in web3 including NFTs, NFT gaming and Tokenized Communities together with investments in esports and mobile gaming. Pioneer's management team leverages its global network to provide investors with access to investments not normally available to the average retail investor.
The current Pioneer portfolio includes investments such as: Leaf Mobile Inc. (TSX: LEAF), a leading free-to-play mobile games group; Guild eSports plc (LON: GILD), a global eSports business headquartered in
Pioneer will continue its focus on web3 investments, including investments in businesses in the NFT, NFT gaming and tokenized community sectors.
Additional information about Pioneer is available at www.sedar.com.
ON BEHALF OF PIONEER MEDIA HOLDINGS INC.
CEO & Director
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
Brian Stockbridge / Gabrielle Cordeiro +44 7876 888 011
Neither the Canadian Securities Exchange nor any Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.