SOURCE: Cricket Media

September 12, 2014 17:56 ET

Cricket Media Announces Extension of Maturity Date for Convertible Debentures

WASHINGTON, DC--(Marketwired - Sep 12, 2014) -  Cricket Media Group Ltd. (TSX VENTURE: CKT) ("Cricket Media" or the "Company") announces that it has extended the maturity date for the issued and outstanding convertible debentures of the Corporation issued pursuant to trust indentures dated October 19, 2012 and March 20, 2013 (the "Debentures"), from October 31, 2014 to October 31, 2016. The maturity date for the Debentures was extended by Cricket Media, in its sole discretion, in accordance with the terms of the trust indentures governing the Debentures.

The convertible debentures of the Corporation issued pursuant to the trust indenture dated October 19, 2012 are listed on the TSX Venture Exchange under the trading symbol "CKT.DB".

About Cricket Media

Cricket Media (TSX VENTURE: CKT) is an education media company that provides award-winning content on a safe and secure learning network for children, families and teachers across the world. Cricket Media's 14 popular media brands for toddlers to teens include Babybug, Ladybug, Cricket® and Cobblestone® with multiple language editions and apps in English, Spanish and Chinese. The Company's innovative web-based K12 tools for school and home include the ePals community and virtual classroom for global collaboration as well as In2Books®, a Common Core eMentoring program that builds reading, writing and critical thinking skills. Cricket Media serves approximately one million classrooms and millions of teachers, students and parents in over 200 countries and territories through its platform and NeuPals, its joint venture with China's leading IT services company Neusoft. Cricket Media also licenses its content and platform to top publishing and educational companies worldwide. For more information, please visit www.Cricketmag.com, www.ePals.com and www.In2Books.com

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.

Forward Looking Statements

This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:

    Katya Andresen
    Chief Executive Officer
    Cricket Media
    Phone: (703) 885-3400
    kandresen@cricketmedia.com

    Cory Pala
    Investor Relations
    E.vestor Communications Inc.
    Phone: (416) 657-2400
    cpala@cricketmedia.com