LIVEREEL ENTERS INTO DEBT CONVERSION AGREEMENT
Exhibit 99.1
XXXXXXXX ENTERS INTO DEBT CONVERSION AGREEMENT
TORONTO, ONTARIO, October 24, 2017 – LiveReel Media
Corporation (OTCQB: LVRLF)
(“LiveReel” or the “Company”) announced
today that the Company has entered into a debt conversion agreement
(the “Conversion Agreement”), dated October 19, 2017,
with a creditor (the “Creditor”) to settle a total of
$384,055.50 of indebtedness owing to the Creditor.
Pursuant
to the Conversion Agreement, the Creditor agreed to accept a total
of 7,681,110 common shares of the Company at a price of $0.05 per
share as full and complete repayment of all amounts owing to the
Creditor by XxxxXxxx. The Company issued such common shares on
October 19, 2017.
About LiveReel
LiveReel
is Canadian-domiciled company focused on the identification and
evaluation of other assets or businesses for purchase in the media,
technology and consumer industries. Management is currently
evaluating investment opportunities in the processing and
production vertical of the cannabis sector.
Contact:
Xxx X. Xxxxxx, Xx.
Interim CEO
(000)
000-0000
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