Lingo Media Extends the Expiry Date of Warrants
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,
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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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
President & CEO
(416) 927-7000 ext. 23, Toll Free: (866) 927-7011
(416) 927-1222 (FAX)
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