Press Releases
YANGAROO ANNOUNCES PRIVATE PLACEMENT
TORONTO, CANADA May 12, 2015– YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the leading secure digital media distribution company, is pleased to announce a non-brokered private placement (the “Private Placement”) to raise a minimum of $500,000 (the “Minimum Amount”) and up to $750,000 through the issuance of a minimum of 2,083,333 and up to 3,125,000 common shares (“Shares”) at a price of $0.24 per Share.
The Private Placement is expected to close on or about May 13th, 2015. The proceeds of the Private Placement (the “Proceeds”) will be used primarily for working capital. YANGAROO has not engaged an agent but may pay agent’s compensation to one or more agents representing subscribers to the Private Placement.
All the securities issuable will be subject to a four-month hold period from the date of issuance. The Private Placement is subject to the approval of the TSX Venture Exchange.
About YANGAROO:
YANGAROO is a company dedicated to digital media management. YANGAROO’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America’s major awards shows.
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit http://www.yangaroo.com.
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