GoverMedia Plus Announces Completion of Initial Public Offering

Vancouver, British Columbia (ots/PRNewswire) -

GoverMedia Plus Canada Corp. (CSE: MPLS) ("GoverMedia" or the
"Company") is pleased to announce that, on February 28, 2018, it
successfully completed its initial public offering (the "IPO") of
3,546,700 common shares (the "Shares") at a price of $0.50 per Share
for total gross proceeds of $1,773,350 (the "Proceeds").

(Logo:
https://mma.prnewswire.com/media/648491/GoverMedia_Plus_Logo.jpg )

Pursuant to the agency agreement dated January 3, 2018, Mackie
Research Capital Corporation acted as agent (the "Agent") for the
IPO. GoverMedia paid to the Agent an aggregate cash commission equal
$131,868. In addition, GoverMedia granted the Agent and its
sub-agents non-transferable warrants entitling the Agent and its
sub-agents to purchase a total of 263,736 Shares at a price of $0.50
per Share until February 28, 2020. In connection with closing of the
IPO, the Agent also received a corporate finance fee, which consisted
of cash and 64,955 warrants exercisable at $0.50 per share until
January 8, 2020.

The closing of the IPO followed the successful completion of a
$1,000,000 capital raise pursuant to the exchange of sub receipts
that occurred in connection with the filing of the final prospectus
on January 8, 2018 (the "Sub-receipt Closing"). The Sub-Receipt
Closing resulting in the issuance of 2,000,000 common shares at a
deemed price of $0.50 per share to holders of subscription receipts
upon the issuance of the receipt for the final prospectus by the
British Columbia Securities Commission. The Company paid $40,000 in
cash and issued 35,045 warrants to certain finders upon closing (the
"Finder's Warrants"). Each Finder's Warrant is exercisable for one
common share at $0.50 per share until January 8, 2020.

GoverMedia's common shares were listed on the Canadian Securities
Exchange ("CSE") effective February 28, 2018 and halted pending
completion of the IPO. GoverMedia anticipates that its common shares
will resume trading on the CSE on March 1, 2018 under the symbol
"MPLS". Listing and disclosure documents are available at
http://www.thecse.com.

Roland J. Bopp, CEO of GoverMedia Plus Canada Corp. commented,
"The Company is pleased to be listed on the Canadian Securities
Exchange; an exchange that embraces innovation and technology. The
IPO process and resulting listing have provided access to the capital
markets that will enable the Company to successfully roll out its
internet platform."

GoverMedia also announces the appointment of Mr. Arvin Ramos as
Chief Financial Officer of the Company. Mr. Ramos brings extensive
public company experience to GoverMedia. In connection with the
appointment of Mr. Ramos and as disclosed in the prospectus, the
Company has issued 225,000 options to directors and officers of the
Company with an exercise price of $0.50 and which expire on February
28, 2023.

In addition, Mr. Aleksander Pushilin announces that he holds an
aggregate of 13,750,000 common shares (the "Securities"),
representing approximately 31.8% of the issued and outstanding common
shares of GoverMedia on an undiluted basis. The Securities were
purchased by Mr. Pushilin prior to the IPO and he holds no other
convertible securities.

The Securities held by Mr. Pushilin are subject to an Escrow
Agreement in accordance with National Policy 46-201 - Escrow for
Initial Public Offerings. Upon release of the Securities from escrow
pursuant to the terms of the Escrow Agreement, Mr. Pushilin may
dispose of the Securities in accordance with applicable securities
laws. Mr. Pushilin may, from time to time and at any time, acquire
additional shares and/or other equity, debt or other securities or
instruments of GoverMedia in the open market or otherwise, and
reserve the right to dispose of any or all of his Securities in the
open market or otherwise at any time and from time to time, and to
engage in similar transactions with respect to the Securities, the
whole depending on market conditions, the business and prospects of
GoverMedia and other relevant factors, including compliance with
applicable securities laws.

A copy of the early warning report to be filed by Mr. Pushilin
will be available on SEDAR under GoverMedia's profile. This news
release is issued under the early warning provisions of the Canadian
securities legislation.

This press release is not an offer of securities of the Company
for sale in the United States. The Common Shares of the Company may
not be offered or sold in the United States absent registration under
the U.S. Securities Act of 1933, as amended (the U.S. Securities
Act"), or an exemption from such registration. The Common Shares
have not been and will not be publicly offered in the United States.
The Common Shares have not been and will not be registered under the
U.S. Securities Act or any state securities laws.

About GoverMedia Plus Canada Corp.

GoverMedia Plus Canada Corp. is a Canadian holding company with a
fully owned Russian technology subsidiary. GoverMedia has developed a
fully operational state of the art internet platform offering
all-inclusive online services such as, e-commerce, social media,
multimedia, corporate auctions, corporate database, messaging
platform and crowdfunding services. We believe the GoverMedia
platform is the first and only internet platform offering such a wide
range of online services accessible via only one account. The
Company's management and advisors have extensive expertise in the
Telecommunications, High-Technology, Corporate Development and
Finance fields. http://www.gm.plus and http://www.govermedia.plus.

Cautionary Note Regarding Forward-Looking Statements

The statements made in this press release may contain certain
forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other
aspects of GoverMedia. The words "will", "may", "anticipate",
"intend", "plan" and similar words and expressions are used to
identify forward-looking information. These statements include that
the Company will resume trading on the CSE. The actual results of the
specific items described in this release, and the Company's
operations generally, may differ materially from what is projected in
such forward-looking statements. Although such statements are based
upon the best judgments of GoverMedia's management as of the date of
this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including,
without limitation, GoverMedia's dependence on third parties, general
market and economic conditions, technical factors, the availability
of outside capital, receipt of revenues and other factors, many of
which are beyond the control of GoverMedia. GoverMedia disclaims any
obligation to update information contained in any forward-looking
statement unless required by applicable securities laws.

ots Originaltext: GoverMedia Plus Canada Corp.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Roland J. Bopp
President and CEO
+1-888-672-4415

Original-Content von: GoverMedia Plus Canada Corp., übermittelt durch news aktuell