REX Opportunity Corp. Announces Creation and Acquisition of YouTube Channel Royalty; Closing Tranche of Private Placement
Newsfile Corp.
4 min read
Toronto, Ontario--(Newsfile Corp. - September 23, 2022) - REX Opportunity Corp. ("REX" or the "Corporation") is pleased to announce that it has created and acquired an initial 10% royalty on the Ryan Scribner investing and personal finance YouTube channel.
Ryan Scribner YouTube channel has 794,000 subscribers with over 65 million cumulative views. Posting videos on YouTube since October 2016 Ryan Scribner makes videos geared towards investors looking to learn the basics of investing as well as personal finance skills.
Ryan Scribner
Ryan Scribner is from a small town in Upstate New York. He started making videos on YouTube about money and investing in 2016. Today Ryan has hundreds of thousands of subscribers and has amassed over 65 million views. In recent years, Ryan has become an angel investor across numerous startups. Coming this January 2023, Ryan has his first autobiographical business book coming out. Ryan has built up and maintained a thriving YouTube channel in addition to launching two standalone brands. Ryan has demonstrated repeat success across various platforms over the years building and monetizing an audience.
"I am thrilled to be executing this deal with REX Opportunity Corp. During these uncertain times, diversification is more important than ever before. As I continue growing my channel on YouTube, I'll be making new and exciting content and curriculum coming very soon. Stay tuned," said Ryan Scribner.
"REX is excited to be working with Ryan Scribner to create and acquire our initial YouTube royalty, a pivotal operational milestone implementing our novel proprietary patent pending digital permissions escrow process. Kudos to Ryan Scribner and the whole REX team," said REX CEO, Jim Boyle.
Private Placement Financing
REX also announces it has closed a non-brokered private placement of 264,250 Units at a price of $0.15 per Unit for aggregate gross proceeds of $39,637.50. Each Unit consists of one (1) common share of REX and one (1) common share purchase warrant with each whole warrant exercisable to purchase one (1) common share of REX at an exercise price of $0.20 for a period of three years. All securities issued are subject to a hold period of four months and one day.
About REX
REX is creating and acquiring royalty interests in YouTube channels. We offer the opportunity to invest directly in content creators and YouTube channels. With REX, investors share in the growth of the content industry.
No securities regulatory authority, stock exchange or regulatory services provider has reviewed or accepts responsibility for the content of this release.
Forward-looking Statements
This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding use of proceeds and new business strategies.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important risk factors that could affect forward-looking statements include, among others, the following: REX has limited resources, the adequacy of proceeds of financing, the ability of the Corporation to obtain financing, the regulatory environment, the economy and capital markets generally and in particular, the ability of management to implement a business strategy, the importance of key directors, employees, advisors and consultants, and potential for competition.
Any forward-looking statement made by REX in this press release is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Corporation will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
