Spackman Equities Group Corrects Number of Stock Options Granted
31 July 2014 - 7:46AM
Marketwired Canada
Spackman Equities Group Inc. ("SEGI" or the "Company") (TSX VENTURE:SQG)
announces that the Company has granted, effective today, stock options to
certain directors and executive officers of the Company to purchase up to a
total of 8,745,000 common shares in the capital of the Company, and not
8,945,000 common shares as reported in the Company's news release earlier today.
The price and the terms of the options remain the same as previously reported,
and the option grants are subject to regulatory approval.
About Spackman Equities Group Inc.
Spackman Equities Group Inc. ("SEGI") is an investment holding company that
invests into and develops small/medium-sized growth companies that possess
industry-specific know-how or proprietary technologies, primarily in Asia. SEGI
also makes investments in selected publicly-traded companies that SEGI believes
are attractive investment propositions. The objectives of SEGI are to (i) invest
into or acquire businesses with compelling growth potential at attractive
valuations, (ii) build a diversified and balanced portfolio of investments, and
(iii) deliver the collective value derived from the performance of its portfolio
of investments to the shareholders of SEGI. SEGI's holdings include:
-- 39.1% ownership of Spackman Entertainment Group Limited (SGX Catalist:
40E), a leading Korean film and entertainment company that wholly-owns
Zip Cinema Co., Ltd., Opus Pictures Limited Liability Company, and
Spackman Entertainment Korea Inc.;
-- 100% of SEGI Investments Limited, an investment company that invests
into public equities; and
-- a selective portfolio of marketable securities.
Visit www.spackmanequities.com for further information.
About Spackman Entertainment Group Limited
Spackman Entertainment Group Limited ("SEGL") is a leading entertainment
production company that is primarily engaged in the independent development,
production, and financing of theatrical motion pictures in Korea. SEGL is listed
on the Catalist of the Singapore Exchange under the symbol 40E.
Its two wholly-owned motion picture production subsidiaries, namely, Zip Cinema
Co., Ltd. ("Zip") and Opus Pictures Limited Liability Company ("Opus"), are two
of the most recognized film production labels in Korea, and have originated and
produced some of Korea's most commercially successful theatrical films for the
past seven years. Films produced by Zip and Opus are theatrically distributed
and released in Korea and overseas markets, as well as for subsequent
post-theatrical worldwide release in other forms of media, including cable
television, broadcast television, IPTV, video-on-demand, and home video/DVD,
etc. Zip and Opus' motion pictures are released into wide-theatrical exhibition
initially in Korea, and then in overseas and ancillary markets.
Collectively, Zip and Opus have produced and released a total of 15 theatrical
motion pictures since 2007, the majority of which were profitable and some of
which were among the top grossing films in Korea in recent years. Recent
theatrical releases of our motion pictures include some of Korea's highest
grossing and award-winning films such as SNOWPIERCER (2013), COLD EYES (2013),
and ALL ABOUT MY WIFE (2012).
SEGL also owns 100% of Spackman Entertainment Korea Inc. ("SEKI"), an investment
company incorporated in Korea that makes early-stage investments into films
developed and produced by Zip and Opus. SEKI also owns a majority equity
interest in Upper West Inc., the operator of a trendy cafe lounge in Korea's
Gangnam district.
Visit www.spackmanentertainment.com, www.zipcine.com and www.opuspictures.com
for further information.
Forward-Looking Statements
Included in this news release may be matters that constitute "forward-looking"
information within the meaning of Canadian securities law. Such forward-looking
statements may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may" or words of a similar nature. There can
be no assurance that such statements will prove to be accurate. Actual results
and future events could differ materially from such statements. Factors that
could cause actual results to differ materially include among others, regulatory
risks, risk inherent in foreign operations, commodity prices and competition.
Most of these factors are outside the control of the Company. All subsequent
forward-looking statements attributable to the Company or its agents are
expressly qualified in their entirety by these cautionary comments. Except as
otherwise required by applicable securities statutes or regulation, the Company
expressly disclaims any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) has in any way approved
or disapproved of the contents of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Spackman Equities Group Inc.
Floria Lin
+852 3902 3287
info@spackmanequities.com
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