|By Marketwired .||
|June 11, 2014 12:12 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/11/14 -- YANGAROO Inc. (TSX VENTURE: YOO)(OTCBB: YOOIF), the industry's leading secure digital media distribution company (the "Company"), is pleased to announce that it has redeemed all of its outstanding debentures early, without penalty and in full for the aggregate amount of $2,327,876.62 in principal and interest, entering into debenture redemption agreements with the debenture holders.
The Company is also pleased to announce the appointment of Sara Hill to its Advisory Board. Ms. Hill will contribute to strategic business development efforts, for the Advertising division, in Canada. Over her 25+ year media agency career, Ms. Hill has delivered innovative and award winning media planning and buying expertise to many of Canada's leading advertisers. She is past President of one of Canada's leading media agencies: M2Universal (a division of MacLaren McCann Canada). In this role she was responsible for the total media product of the agency's clients, including: General Motors, RBC Royal Bank, and CBC. Ms. Hill served as a director of Canada's major media measurement and audit boards: BBM, PMB, NadBank, COMB and a member of the Canadian Media Director's Council. She is also a past Director of the Alliance for Audited Media (North America). A graduate of Queen's University, Ms. Hill lives in Toronto, and currently has a media communications practice specializing in media & entertainment sector clients.
In conjunction with her appointment to the Advisory Board, the Company has granted Ms. Hill 25,000 incentive stock options exercisable for a period of five years from the date of grant at a price of $0.30 per share.
The Company has also granted an aggregate of 2,500 incentive stock options to employees of the Company exercisable for a period of five years from the date of grant at a price of $0.30 per share.
YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America's major awards shows.
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.