BLUERUSH ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT AND NEW BOARD MEMBER
Toronto (Ontario), August 23, 2017 – BLUERUSH Media Group Corp. (“BLUERUSH” or the “Company”) (TSXV: BTV) announced today a proposed non-brokered private placement financing pursuant to which BLUERUSH proposes to raise gross proceeds of up to $1,000,000 through the issuance of common share units (“Units”) at a price of $0.05 per Unit. Each Unit is to consist of one common share in the capital of BLUERUSH (a “Common Share”) and one common share purchase warrant (a “Warrant”) of BLUERUSH. Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of $0.05 per Common Share for a period of 24 months following the closing of the financing. The Company has a set a minimum subscription of $25,000 per subscriber. All securities issued pursuant to the financing will be subject to a four-month hold period. BLUERUSH anticipates closing shortly, subject to the receipt of all necessary regulatory approvals.
In addition, BLUERUSH announces the addition of Mr. Steve Taylor to its board of directors. Mr Taylor has over 25 years experience driving profitable growth in the Enterprise Software as a Service (SaaS), eCommerce and Digital Media industries. Steve was Founder and CEO of Resolver Inc., a SaaS-based Governance, Risk and Compliance company that was sold successfully to Klass Capital in 2015. Steve’s presence on the Board will help BLUERUSH accelerate their current strategy to drive toward becoming a SaaS-based business, open up key new channels, consider strategic acquisition opportunities and leverage current and future products into the fast-growing eCommerce technology and services space.
About BLUERUSH Media Group Corp.
BLUERUSH, through its wholly owned subsidiary, BLUERUSH Digital Media Corp., is a digital marketing company which combines leading edge technology with award winning creative design. BLUERUSH is a FINTECH & HEALTHCARE specialist providing services in strategy, user experience, design and implementation. The company has also launched its product business with INDIVIDEO™, a personalized video platform, along with ActiveDialogue™, both of which are key building blocks for FINTECH digital experiences. The company also launched Digital Reach and Smart Advisor through its strategic partner. BLUERUSH is a publicly listed company on the TSX Venture Exchange trading under the symbol “BTV.”
Neither 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.
BLUERUSH Media Group Corp. Larry Lubin President and CEO (416) 203-0618 ext.225 firstname.lastname@example.org BLUERUSH Media Group Corp. Len Smofsky Executive Vice President (514) 935-3144 ext.314 email@example.com www.bluerush.com