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.