ARHT Media Announces Closing of First Tranche of Private Placement of Secured Subordinated Debentures
TORONTO, June 07, 2024 (GLOBE NEWSWIRE) — ARHT Media Inc. (“ARHT” or the “Company”) (TSXV:ART), (OTCQB:ARHTF) the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, is pleased to announce that the Company has successfully closed the first tranche of a private placement (the “Private Placement”) of 2024 Series B secured subordinated debentures (the “Debentures”) for an aggregate principal amount of $825,000 (the “Principal Amount”). A second and final tranche of the Private Placement of up to an additional $375,000 is expected to close by June 16, 2024.
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