Rangemore Approves Decision To Co-list On The Canadian National Stock Exchange
October 24 2013 - 10:42AM
OTC Markets
Rangemore Approves Decision To Co-list On The Canadian National
Stock Exchange
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Rangemore Approves Decision To Co-list On The Canadian National
Stock Exchange
PR Newswire
MIAMI BEACH, FL, Oct. 24, 2013
MIAMI BEACH, FL, Oct. 24, 2013 /PRNewswire/ - Rangemore Film
Productions Corp. ("Rangemore") (OTCPINK:RANF) is pleased to
announce that the management of Rangemore has approved
the decision to co-list its common shares on the Canadian
National
Stock Exchange (CNSX).? The process will involve completing a
three
year audit, filing a prospectus with the British Columbia
Securities
Commission and listing application with the CNSX.? The audit
process
will be commencing shortly and management has begun preparing
the
listing application.
The advantages are:
Rangemore will become fully reporting much quicker by having to
only
complete a three year audit rather than ten.
Management can prepare the bulk of the documentation in house
thereby
reducing legal costs.
The CNSX is a recognized globally as fully operational stock
exchange
not a quotation system.
The CNSX operates on a true auction based trading system
eliminating the
need for market makers.
Canadians citizens will be able to participate in the common
share
market.
Access to funds held in RRSP and Tax Free Savings
Accounts.
Credibility and stability in the common share market.
Potential for broker sponsorship.
Access to European investors.
Rangemore will be relying on their Secretary/Treasurer,
Richard Smith,
to draw on his experience gained during his two year tenure as
Listing
Manager-Western Canada for the CNSX, to see the process through.?
Mr.
Smith was also the first to co-list a CNSX company on a European
stock
exchange.?Co-listing Rangemore on the CNSX it will allow
European
investor to purchase common shares through the open market.
"By co-listing on the CNSX we fast track the process of becoming
fully
reporting and we can then get access to Europe" stated Richard
Smith,
Secretary and Treasurer of Rangemore. "We have great contacts over
in
Europe but they can't participate
currently because of where our common
shares are quoted.? Listing on the CNSX takes care of all that"
continued Mr. Smith.?????
About Rangemore Film Productions Corp.
Rangemore Film Productions Corp. is a publicly traded company who
is in
the business of operating film studios and co-producing
independent
film productions.
Rangemore is currently in the process of identifying and
acquiring
studio suitable properties in four key markets: Asia; South
Africa;
Europe and North America.? Potential acquisition sites
will have to
meet certain criteria including: a low cost per square foot;
easy
conversion into usable studio space; established local
infrastructure;
established local film industry; limited or non-existent
competition;
available government tax incentives and mortgage financeable.?
The
identified acquisitions will be either purchased outright
utilizing
debt funding and tax credit incentive programs or leased on a long
term
basis.
Along with the studio operations, Rangemore will be actively
investing
in and co-producing independent film productions.? Currently
Rangemore
has a revenue sharing agreement with an independently produced
feature
film and a second agreement with a ten episode cartoon
series.
Rangemore Film Productions Corp. is a Development Stage Company,
as
defined by Financial Accounting Standards Board ("FASB")
Accounting
Standards Codification ("ASC") 915, Development Stage Entities, and
has
not yet generated significant revenues from their intended
business
activities.
For more information on Rangemore Film Productions Corp. please
call
786.924.6579 or go to www.rangemorefilmproductions.com
Forward Looking Statements
Except for the historical information contained herein, the
matters
discussed in this press release are forward-looking statements.
Actual
results may differ materially from those described in
forward-looking
statements and are subject to risks and uncertainties. See
Rangemore
Film Productions Inc.'s filings with OTCMarkets which may
identify
specific factors that may cause actual results or events to
differ
materially from those described in the forward-looking
statements.
SOURCE Rangemore Film Productions Corp.
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