Wonderfilm Announces Marketing of CAD$65.9 Million Asset-Backed Debt Facility
October 22 2019 - 8:30AM
via NetworkWire – The Wonderfilm Media Corporation ("Wonderfilm" or
the "Company") (TSXV: WNDR) (OTCQB: WDRFF), a producer of
high-quality feature films and episodic television with
international appeal, today announces the co-marketing of a
third-party, USD$50 million (C$65.9 million) asset-backed debt
facility (“Facility”) designed to escalate the pace of the
Company’s revenue and increase overall production efficiency.
The Facility will be an independent, U.S.-based
limited liability corporation (“LLC”) that would exclusively
support and be secured against specific future Wonderfilm movie
productions. The Facility provides Wonderfilm the immediate
advantage of accelerated green-lighting and scheduling of
production and delivery of its film and television slate, and the
potential of rapid revenue-generation and production by cash
flowing all pre-sale movie contracts, as well as finances various
levels of government tax credits and tax incentives.
“Wonderfilm continues its exciting growth phase
with access to funds that will greatly streamline our ability to
deliver content to streaming services, theatres and broadcasters
around the world. Time is money, and currently we have to undertake
a single financing for each and every movie employing a paperwork
and approval process that by its nature is long and cumbersome,
which negatively impacts our ability to quickly schedule
productions. The debt-facility streamlines this procedure, allowing
us to schedule film shoots on our terms and on our timetable. The
fund provides Wonderfilm a strong strategic advantage in the
market,” states Wonderfilm CEO Kirk Shaw.
About Wonderfilm Media
Corporation
Wonderfilm is a leading publicly traded
entertainment company with offices in Los Angeles & Vancouver
[TSXV: WNDR] [OTC: WDRFF]. Wonderfilm’s main business is the
production of high-quality feature films & episodic television.
Global Content Creation leaders - the Wonderfilm team - has
packaged, produced and delivered hundreds of profitable films with
proven direct access to Academy Award Quality films and upside. For
more information, visit the company’s website at
www.Wonderfilm.com.
Neither the TSX Venture Exchange Inc.
(“Exchange”) nor its regulation services provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
Cautionary StatementsThis press
release contains forward-looking statements as defined by
applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this
context, forward-looking statements often address expected future
business and financial performance, and often contain words such as
"anticipate," "believe," "plan," "estimate," "expect," and
"intend," statements that an action or event "may," "might,"
"could," "should," or "will" be taken or occur, or other similar
expressions. Forward-looking statements are subject to a number of
risks and uncertainties, many of which involve factors or
circumstances that are beyond Wonderfilm’s control and Wonderfilm’s
actual results could well differ materially from those stated or
implied in forward-looking statements due to many various factors.
Although Wonderfilm believes that the expectations reflected in the
forward-looking statements are reasonable, the Company cannot
guarantee that the events and circumstances reflected in the
forward-looking statements will be achieved or occur. The timing of
events and circumstances and actual results could differ materially
from those projected in the forward-looking statements.
Accordingly, one should not place undue reliance on forward-looking
statements. All such reflect the date made only. Wonderfilm
undertakes no obligation to update or publicly revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For further details, please see the Company’s
documents filed on the System for Electronic Document Analysis and
Retrieval at www.sedar.com.
Wonderfilm Contact:
Email: Info@Wonderfilm.com Phone:
1-604-638-4890www.Wonderfilm.com
Or
PCG Advisory Kirin Smith, PresidentPhone:
KSmith@PCGAdvisory.comPhone: (646) 863-6519
Corporate Communications:
NetworkWire (NW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkWire.com
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