|By Marketwired .||
|February 21, 2014 05:28 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/21/14 -- Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media" or the "Company") is pleased to announce that an application has been approved by the TSX Venture Exchange to extend the term of the 3,658,668 warrants issued on March 4, 2011 and the 1,875,000 warrants issued on May 11, 2011 (collectively, the "Warrants"). The terms of the Warrants have each been extended for a period of two years. The Warrants were scheduled to expire on March 4, 2014 and May 11, 2014, respectively, but will now expire on March 4, 2016 and May 11, 2016, respectively.
The Warrants were issued as part of private placement offerings by Lingo Media which were completed on March 4, 2011 and May 11, 2011. For further information on the original issuance of the Warrants, please refer to the Company's press releases dated March 4, 2011 and May 11, 2011 filed on SEDAR.
An application was previously approved by the TSX Venture Exchange on August 23, 2012 to extend the term of the Warrants for a period of eighteen months. The Warrants were previously scheduled to expire on September 4, 2012 and November 11, 2012, respectively. For further information on the previous extension of the Warrants, please refer to the Company's press releases dated August 23, 2012 filed on SEDAR.
Warrantholders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to the Company in order to effect the exercise or transfer of such Warrants.
About Lingo Media (TSX VENTURE:LM)(OTCBB:LMDCF)
Lingo Media Corporation (www.lingomedia.com) is an ESL industry acquisition company that is Changing the way the world learns English, focused on English language learning ("ELL") on an international scale through its four distinct business units: ELL Technologies; Parlo; Speak2Me; and Lingo Learning. ELL Technologies is a globally-established ELL multi-media and online training company marketed under the Q Group brand (www.elltechnologies.com). Parlo is a fee-based online ELL training and assessment service (www.parlo.com). Speak2Me is a free-to-consumer advertising-based online ELL service in China (www.speak2me.cn). Lingo Learning is a print-based publisher of ELL programs in China. Lingo Media has formed successful relationships with key government and industry organizations, establishing a strong presence in China's education market of more than 300 million students. The Company continues to expand its ELL offerings and is extending its reach globally.
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