SOURCE: MediaValet, Inc.

MediaValet

November 09, 2016 08:28 ET

MediaValet Announces $2M Senior Secured Debenture

Proceeds to Support Global Sales and Marketing Efforts and Accelerate New Product Features, Integrations and Partnerships

VANCOUVER, BC--(Marketwired - November 09, 2016) - MediaValet Inc. (TSX VENTURE: MVP) (the "Company"), a leading provider of cloud-based digital asset management software, is pleased to announce that it has reached an agreement to issue a $2.0 million senior secured debenture (the "Debenture"). The Debenture has a three-year term and will bear interest at 10% per annum, payable monthly, in arrears on the first day of each month, commencing December 1, 2016. The Debenture will be secured by a charge over all property and assets of the Company and will rank equally with the Company's current outstanding senior secured indebtedness.

The net proceeds of the Debenture will be used to support the Company's global sales and marketing efforts, accelerate product development, and for general working capital purposes.

About MediaValet Inc.
MediaValet stands at the forefront of the cloud-based digital asset management industry. Built exclusively on Microsoft Azure and available on 34 highly secure and hyper scalable data centers around the world, MediaValet is uniquely equipped to meet the digital asset management needs of any organization, no matter its size, its industry or its location. Cutting-edge technology, exceptional product design, and unlimited support are at the core of MediaValet's DNA -- ensuring exceptional customer and user experiences are delivered at all times.

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