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VANCOUVER, British Columbia, Oct. 22, 2021 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Firm,” “Liquid Media” or “Liquid”) (Nasdaq: YVR), through its wholly-owned subsidiary Liquid Media Group (Canada) Ltd., has entered right into a definitive settlement settlement (the “Settlement”) with three shareholders (the “Shareholders”) of Waterproof Studios Inc. (“Waterproof”) terminating litigation amongst them in respect of Liquid’s curiosity in Waterproof (the “Declare”). Pursuant to the Settlement, Liquid has agreed to switch its curiosity in Waterproof to or for the good thing about the Shareholders in consideration of a money fee of $825,000 to Liquid, and the Shareholders have agreed to dismiss the Declare on a with out price foundation. The Settlement additionally consists of customary mutual releases.
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About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a enterprise options firm empowering unbiased IP creators. Liquid’s end-to-end answer will allow skilled video (movie/TV and online game) creation, packaging, financing, supply, and monetization, empowering IP creators to take their skilled content material from inception by your complete course of to monetization.
Extra info is out there at www.LiquidMediaGroup.co .
Additional info:
Primoris Group Inc.
+1 (416) 489-0092
pg@liquidmediagroup.co
Media requests:
Investor / Enterprise
Adam Bello
Media & Analyst Relations Supervisor
Primoris Group Inc.
+1 (416) 489-0092 x 226
media@primorisgroup.com
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Trade
Jane Owen
Jane Owen PR
+1 (323) 819-1122
jane@janeowenpr.com
Cautionary Notice Concerning Ahead-Wanting Statements
This information launch consists of statements containing sure “forward-looking info” inside the which means of relevant securities legislation (“forward-looking statements”). Ahead-looking statements are usually recognized by phrases reminiscent of: “consider”, “count on”, “anticipate”, “intend”, “estimate”, “doubtlessly” and related expressions, or are these, which, by their nature, seek advice from future occasions. These statements shouldn’t be learn as ensures of future efficiency or outcomes. Such statements contain identified and unknown dangers, uncertainties and different components which will trigger precise outcomes, efficiency or achievements to be materially totally different from these implied by such statements. Such components embody, however aren’t restricted to: developments associated to the COVID-19 pandemic, regulatory actions, market costs, continued availability of capital and financing, and basic financial, market or enterprise situations, in addition to extra dangers disclosed within the Firm’s annual and quarterly monetary studies obtainable at www.sedar.com. Traders are cautioned that any such statements aren’t ensures of future efficiency and precise outcomes or developments could differ materially from these projected within the forward-looking statements. Ahead-looking statements are based mostly on the beliefs, estimates and opinions of the Firm’s administration on the date the statements are made. The Firm is beneath no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as expressly required by relevant legislation.
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