– CANADA, Vancouver – Moovly Media Inc. (TSX-V:MVY) / OTC:MVVYF / FRA:0PV2) today announced the appointment of Christopher Macpherson and Robert (Bob) Meister to its board of directors, and the resignation of Brandon Boddy who has resigned his position in order to focus his efforts on other opportunities.
Mr. Macpherson has extensive experience and a deep understanding of the capital markets, having spent 25 years at a Canadian national bank as Vice President & Portfolio Manager. He has been in the venture capital business since 1995 and during this period has been a director and/or officer of many public companies trading on various North American exchanges including BC Hydro and Westech. Chris has been responsible for finance and marketing activities, funding and acquisition opportunities as well as assisting in strategic and tactical matters.
Mr. Meister is an experienced Capital Markets Executive that holds a diploma in Marketing Management from the British Columbia Institute of Technology. Bob is a Partner of M3 Markets Inc. a Corporate Development and Communications Company, and most recently, was a Director and Capital Markets Manager for NetCents Technology Inc., an electronic online Payment Service Provider that is listed on the Canadian Securities Exchange. Prior to this, Bob has held numerous director and/or management positions for various publicly traded companies, where he was primarily responsible for business development and investor relations.
Brendon Grunewald, President of Moovly, commented, “I am pleased to have both Chris and Bob join our board. The addition of these two individuals with significant capital markets expertise and industry experience will be a strong and welcome asset to the Moovly board. I would also like to thank Brandon for his time and support as a director over the years, and we wish him best in his future endeavors.”
The company also announced that it has closed a non-brokered private placement through the issuance of 10 million units at a price of $0.10 per Unit, generating gross proceeds of $1 million. Each Unit will be comprised of one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one Common Share at a price of $0.15 per share for a period of one year from the date of issuance.
The net proceeds from this offering are expected to be used to fund sales and marketing growth, enhance and reinforce engineering and development efforts, as for general corporate purposes.
All of the securities issued under the Private Placement will be subject to a four month resale restriction. The completion of the Private Placement remains subject to final approval of the TSX Venture Exchange and the satisfaction of other customary closing conditions.
Moovly is the leading provider of Cloud based tools to tell marketing communications and training stories using videos and presentations.
Moovly’s advanced Studio editor with over 175 million digital assets seamlessly integrated (via our partnerships with Shutterstock & Videoblocks), is all you need to make engaging videos to promote or explain your product and service.
Moovly’s API and BOTs technology allow ourselves and 3rd parties to automate some or all of the content-making process, whether that be mass customization / personalization (Video version of MailMerge), automatic content creation or updating by connecting data sources.
With clients including users from >300 of the Fortune 500, Small Businesses, Freelancers and Ivy league universities, Moovly is an intuitive, cost effective choice in creating engaging video content.
For more information : https://www.moovly.com
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