Fearless Films Inc. (FERL)

[splintered sunlight]

BTW

I have a penny bid for 6,666,668 shares.

Fearless Films Closes Non-Brokered Private Placement for $1M at $0.15

June 30, 2020

04:48 PM ETPublished June 30, 2020 04:48 PM Eastern TimePR Newswire

TORONTO, June 30, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTCQB: FERL), a film production company, today announced that it has closed a non-brokered private placement offering of up to 6,666,668 shares priced at $0.15 per common share (the "Common Shares") for gross proceeds of $1,000,000 USD (the "Offering").

The Offering is priced at a premium of 22% to the Company's 20-day volume-weighted average trading price.

The proceeds of the Offering will be used to support the operations of the company, including brand building and film production. The Company plans to begin production on its next film during 2020.
According to the terms of the Offering, the Common shares are expected to be issued on or before July 15, 2020. All Common Shares issued in connection with the Offering will be subject to a hold period of six months and one day from the closing date.

Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. stated "The additional funds raised through this placement gives the leeway to unlock additional value for Fearless, with the added flexibility to develop scripts on a shorter timeline."