{"id":3363,"date":"2020-02-06T14:04:23","date_gmt":"2020-02-06T14:04:23","guid":{"rendered":"https:\/\/thunderbird.tv\/2020\/02\/06\/thunderbird-announces-the-release-of-all-remaining-pooled-shares\/"},"modified":"2020-02-06T14:04:23","modified_gmt":"2020-02-06T14:04:23","slug":"thunderbird-announces-the-release-of-all-remaining-pooled-shares","status":"publish","type":"post","link":"https:\/\/thunderbird.tv\/2020\/02\/06\/thunderbird-announces-the-release-of-all-remaining-pooled-shares\/","title":{"rendered":"Thunderbird Announces the Release of All Remaining Pooled Shares"},"content":{"rendered":"

Vancouver, Canada, February 6, 2020 <\/strong>\u2014 Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC – THBRF<\/strong>) (Thunderbird<\/strong> or the\u00a0Company<\/strong>), today announced that all of the remaining shares held in pool will be released effective February 11, 2020.<\/p>\n

Pursuant to the terms of the RTO Plan of Arrangement, which was entered into in conjunction with the public listing of the common shares of Thunderbird in October 2018, all of the 36,660,588 common shares that were issued to former shareholders of the predecessor company were held subject to a pooling arrangement. Within the pooling arrangement the trading of these shares was restricted until they were released in stages over a period of 21 months following the initial listing.\u00a0 The intent of the pooling arrangement was to help ensure an orderly market following the initial listing of the Company\u2019s shares.<\/p>\n

Thunderbird\u2019s Board of Directors have determined the pooling arrangement has served its purpose and further restriction of these shares is no longer necessary. \u00a0Accordingly, the remaining 9,314,443 shares, which are held in pool, will be released effective February 11, 2020. Furthermore, a total of 7,539,143 of these remaining pooled shares are held by principals and insiders of Thunderbird. These shares will remain subject to the restrictions set out in the \u201cvalue\u201d escrow agreement that was entered into in accordance with the policies of the TSX Venture Exchange at the time of the initial listing.<\/p>\n

Full descriptions of the terms of the pooling arrangement and the value escrow agreement are contained in the Company\u2019s Filing Statement dated October 29th<\/sup>, 2018 that is available in the Company\u2019s profile at www.sedar.com<\/a>.<\/p>\n

About Thunderbird Entertainment Group Inc.<\/strong><\/p>\n

Thunderbird Entertainment\u00a0Group is a Vancouver-based global multiplatform entertainment company with offices in Vancouver, Los Angeles, Toronto, Ottawa and London. Thunderbird creates award-winning\u00a0scripted, unscripted and animated programming for the world\u2019s\u00a0leading digital platforms, as well as Canadian and International broadcasters. Thunderbird\u2019s vision is to produce high quality,\u00a0socially responsible content that makes\u00a0the world a better place.\u00a0 The Company develops, produces and distributes animated, factual and scripted content through its various divisions, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Factual (Great Pacific Media) and Thunderbird Productions. Thunderbird also has a division based in the\u00a0United Kingdom\u00a0dedicated to establishing partnerships with production companies to develop the Company\u2019s intellectual property (IP) and growth in key international territories. Thunderbird is on Facebook, Twitter and Instagram at @tbirdent.<\/p>\n

On Behalf of Thunderbird Entertainment Group Inc.<\/p>\n

Jennifer Twiner McCarron<\/em><\/p>\n

Chief Executive Officer<\/p>\n

For information on Thunderbird and to subscribe to the Company\u2019s investor list for news updates, go to www.thunderbird.tv<\/a>.\u00a0 For further information, please contact:<\/p>\n

Investor Relations Contacts:<\/strong><\/p>\n

Lucas Cahill and Freddie Leigh<\/p>\n

Phone: + 1 604.683.3555
\nEmail: investors@thunderbird.tv<\/a><\/p>\n

Media Relations Contact: <\/strong><\/p>\n

Julia Smith, Finch Media<\/p>\n

Phone: +1 604.803.0897
\nEmail:\u00a0 julia@finchmedia.net<\/a><\/p>\n

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management<\/em><\/strong>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Vancouver, Canada, February 6, 2020 \u2014 Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC – THBRF) (Thunderbird or the\u00a0Company), today announced that all of the remaining shares held in pool will be released effective February 11, 2020. Pursuant to the terms of the RTO Plan of Arrangement, which was entered into in conjunction with the public listing … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":1695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[53],"tags":[],"acf":[],"yoast_head":"\nThunderbird Announces the Release of All Remaining Pooled Shares - Thunderbird Entertainment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thunderbird.tv\/2020\/02\/06\/thunderbird-announces-the-release-of-all-remaining-pooled-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thunderbird Announces the Release of All Remaining Pooled Shares - Thunderbird Entertainment\" \/>\n<meta property=\"og:description\" content=\"Vancouver, Canada, February 6, 2020 \u2014 Thunderbird Entertainment Group Inc. 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