Appreciated Media Closes Convertible Debenture Offering and Completes Shares for Debt Settlement

Vancouver, British Columbia–(Newsfile Corp. – September 18, 2020) –  Appreciated Media Holdings Inc. (TSXV: AMH) (OTCQB: AMEFF) (“Appreciated Media” or the “Company“) is pleased to announce that the Company has closed its previously announced private placement offering (the “Offering“) of $1,000,000 principal amount of 8% unsecured convertible debentures of the Company due in September 2023 (the “Convertible Debentures“) and completed the issuance of 1,297,847 common shares in the capital of the Company (the “Common Shares“) in settlement of $122,377 of debt.

Private Placement

Pursuant to the closing of the Offering, the Company issued an aggregate of 1,000 Convertible Debentures at a price of $1,000 per Convertible Debenture for aggregate gross proceeds of $1,000,000. The proceeds of the Offering will be used for general working capital purposes.

The Convertible Debentures mature on September 18, 2023 (the “Maturity Date“) and

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