Appreciated Media Holdings Inc. (TSXV:AMH) entered into a non binding letter of intent to acquire Appreciated Music Business and Assets from Appreciated Entertainment Ltd. for CAD 0.75 million on April 13, 2020. Under the terms of the transaction, Appreciated Media will issue 7.5 million common shares as consideration, of which 4.25 million shares will be issued at the time of closing of the transaction; and 3.25 million common shares will be issued upon receipt of shareholder approval. The transaction is subject to completion of due diligence by Appreciated Media, the receipt of all necessary regulatory, corporate and third party approvals, including the approval of the Exchange, any shareholder approvals or consents that may be required under the policies of the Exchange, and compliance with all applicable regulatory requirements and conditions in connection with the transaction. The proposed transaction is expected to close on or about May 15, 2020. Appreciated Media Holdings Inc. (TSXV:AMH) completed the acquisition of Appreciated Music Business and Assets from Appreciated Entertainment Ltd. on May 8, 2020. Appreciated Media Holdings Inc. entered into a definitive agreement to acquire business and assets of Appreciated Music from Appreciated Entertainment Ltd. on May 8, 2020. 4.25 million common shares were issued to Appreciated Entertainment Ltd. at closing. The remaining 3.25 million common shares issuable under the agreement are subject to the approval of a simple majority of Appreciated Media Holdings' shareholders, excluding certain insiders. All common shares issued to Appreciated Entertainment Ltd. will be issued pursuant to exemptions from the prospectus requirements of applicable securities laws and subject to a four month statutory hold period.