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GeoNovus Media Corp
Symbol GNM
Shares Issued 51,534,402
Close 2015-06-17 C$ 0.02
Market Cap C$ 1,030,688
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GeoNovus signs revenue-share deal with film producer

2015-06-18 11:09 ET - News Release

Mr. Joe Wowk reports

GEONOVUS MEDIA SIGNS PARTICIPATION AGREEMENT WITH GABRIEL NAPORA FOR REVENUE SHARE OF SIX FILM TITLES

GeoNovus Media Corp. has signed a participation agreement with producer Gabriel Napora (Triton Films) that will entitle the company to share in the net revenues of six upcoming film titles within the next 24 months.

GeoNovus Media is excited to enter into this agreement with Mr. Napora (a board member of the company) and Triton Films to share in the net profits of six upcoming films over the next 24 months.

Mr. Napora recently produced the Martin Sheen film Badge of Honor and the Danny Trejo film Juarez 2045. The Sony box office hit Chappie, starring Hugh Jackman and Sigourney Weaver, was based on a short film Mr. Napora produced with Neill Blomkamp (director of District 9). Mr. Napora's work is known for visually striking, heavy visual effects films, and he currently has projects in progress with major film studios.

Mr. Napora and the company will determine the six films pursuant to the terms of the participation agreement. In consideration for the acquisition of the participation rights under the participation agreement, the company has agreed to issue up to 17 million shares from treasury to Mr. Napora.

"We are excited to ink this agreement with Gabriel and add more films to our slate. It is not just about adding six more films, but about building a business that produces films, which can add more potential assets to the foundation of GeoNovus Media," stated Colin Wiebe, president of GeoNovus Media.

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