VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 9, 2010) – Big Stick Media Corporation (TSX VENTURE:BSM) (“BSM” or the “Company”) announced today that ten (10) of its shareholders (the “Buying Group”) that are proposing to privatize BSM, have completed the transfer of their shareholdings of BSM (being 9,980,441 of BSM’s common shares representing approximately 41.60% of all of BSM’s issued and outstanding shares) to the newly created corporation that is wholly owned by the Buying Group and which is proposed to be amalgamated with BSM to facilitate the going private transaction.
Additional details relating to the proposed going private transaction may be found in BSM’s press release of May 20, 2010 and the Early Warning Report of the date hereof (both being located under BSM’s profile on SEDAR).
The special shareholders meeting relating to the approval of the going private transaction is scheduled for July 14, 2010.
As at the date hereof BSM has 23,992,020 issued and outstanding common shares.
About Big Stick Media Corporation
Additional information about BSM is available under the company’s profile at www.sedar.com.
This press release may contain certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Big Stick Media Corporation’s expectations are various risks detailed from time to time in the filings made by Big Stick Media Corporation with securities regulations.