Aquarius AI Inc. Announces the Listing of its Common Shares on the CSE and the Acquisition of Podkast Entertainment Corp.
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) - Aquarius AI Inc. (CSE: AQUA) (the "Company" or "Aquarius) is pleased to announce that its common shares ("Common Shares") have commenced trading on the Canadian Securities Exchange (the "CSE") under the symbol "AQUA" effective July 15, 2021. The Company notes that its Common Shares will cease to trade on the TSX Venture Exchange effective end of trading on July 16, 2021.
The Company is also pleased to announce that it has acquired (the "Acquisition") approximately 83% of the issued and outstanding common shares of Podkast Entertainment Corp. ("Podkast") in exchange for 28,558,250 Common Shares, representing approximately 36% of the Common Shares that are issued and outstanding as of closing of the Acquisition. The Company notes that it will voluntarily file a Business Acquisition Report ("BAR") in respect of the Acquisition, and notes further that all of the Common Shares issued in connection with the Acquisition are subject to escrow trading restrictions which will lift upon filing of the BAR.
About Podkast Entertainment Corp.
Podkast owns exclusive contracts to create podcasts and NFT content with respect to several well known celebrities in various verticals, including sports, media, entertainment, music and lifestyle. In addition, Podkast has in place a robust pipeline of future talent. Podkast's website can be found at https://www.podkast.com.
Podkast is also contracted to supply the Kid Carson Morning Show to Vancouver-based Z95.3FM radio station, which is owned by Stingray Media Group.
On behalf of the board of directors
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Aquarius AI Inc.
Cautionary Note Regarding Forward-Looking Statements
Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the filing of the BAR and the business, operations and future plans of Podkast. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risk that the Company will not be able to file a BAR in a timely fashion, risks that the Podkast's business and plan will vary from those stated in this news release and Podkast may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release
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