Vancouver, BC – June 19, 2023 – BEACN Wizardry & Magic Inc. (“BEACN” or the “Company”) (TSX-V:BECN) announces that, subject to the approval of the TSX Venture Exchange, the Company is seeking to extend the term and amend the price of certain warrants (the “ Warrants ”) of the Company which would otherwise expire on October 29, 2023.
Warrant Repricing and Extension
The Company intends to extend the expiry date and reprice the 2,916,666 Warrants granted on October 29, 2021, with each Warrant entitling the holder to purchase one common share of the Company, as follows:
| Number of Warrants Outstanding | Issue Date | Original Exercise Price | Original Expiry Date | New Exercise Price | New Expiry Date |
| 2,916,666 | October 29, 2021 | $0.60 | October 29, 2023 | $0.45 | November 29, 2025 |
About BEACN
BEACN (TSX-V: BECN) develops innovative audio equipment, peripherals and technology for gamers, live streamers, and content creators. BEACN is committed to delivering premium products that enable everyone to produce studio-quality content. BEACN’s award-winning product ecosystem includes BEACN Mic, BEACN Mix and BEACN Mix Create.
For further information, please contact:
BEACN Wizardry & Magic Inc.
Daniel Davies: daniel@beacn.com or (250) 661-6336
Cautionary Note Regarding Forward-Looking Information
Certain information set forth in this news release contains forward-looking statements or information (” forward-looking statements “), including details about the proposed extension and repricing of the Warrants. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the extension and repricing of the Warrants are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including risks associated with unanticipated delays in obtaining or failure to obtain regulatory or stock exchange approvals for the extension and repricing of the Warrants and delays in obtaining or failure to obtain warrant holder consent for the repricing of the Warrants.
Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results or events. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither 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.
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