Stompy Bot Corporation
CNSX : BOT

Stompy Bot Corporation

May 06, 2016 08:00 ET

Stompy Bot Corporation Announces Debt Settlement

SAINT JOHN, NEW BRUNSWICK--(Marketwired - May 6, 2016) - Stompy Bot Corporation (the "Corporation") (CSE:BOT) announces that it has agreed to settle an aggregate of $54,791 of indebtedness owed to certain arm's length creditors who provided services in connection with developing the Corporation's video games, through the issuance of an aggregate of 1,095,822 common shares of the Corporation at a price of $0.05 per common share. All common shares issued in connection with the shares for debt transaction are subject to a four month statutory hold period.

About Stompy Bot Productions

Stompy Bot Productions is a wholly owned subsidiary of publicly traded Stompy Bot Corporation (CSE:BOT) - an independent video game and digital media publisher. Stompy's growth strategy is to become a premier independent multimedia publisher. Their indie philosophy is to identify and acquire unique video game properties, apply innovative technologies, game development expertise, partner with movie studio resources and manage entertainment brands through a global media marketing approach. Stompy Bot is the exclusive Heavy Gear digital games license holder and publisher of Heavy Gear Assault, a next generation PC title using Epic Game's latest Unreal Engine 4 technology. For more information visit www.stompybot.com.

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

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