TORONTO, ONTARIO--(Marketwired - Jun 7, 2016) - Stompy Bot Corporation (CSE:BOT) ("Stompy Bot") is pleased to announce that it has signed a partnership agreement with the Canada Media Fund ("CMF") and has secured development funding for $300,000. For additional details, please visit http://goo.gl/yYCRqj.
The CMF fosters and promotes the production of Canadian digital and broadcast media. The CMF will financially support Stompy Bot to develop its third video game title - "Matt Cook's Sabotage".
Matt Cook's Sabotage is based on author, Matt Cook's Los Angeles Times bestselling novel, Sabotage. Stompy Bot also announces that it has licensed the exclusive rights to develop games for the PC, console and mobile platforms based on the Sabotage intellectual property. Stompy Bot has released a new website for Matt Cook's Sabotage available at: http://cookssabotage.com/, and Stompy Bot is currently recruiting game developers through its website at http://stompybot.com/.
Stompy Bot announces Sabotage funding as their impending Steam launch of "Heavy Gear Assault" gets underway and development of their second unannounced title - a turn based mobile fighting game.
In addition, Stompy Bot announces a private placement of up to $150,000 of convertible unsecured debenture units (the "Debenture Units"). Each Debenture Unit will consist of one debenture with a principal amount of $1,000 (the "Debenture"), a minimum participation of $5,000 and 8,000 common share purchase warrants exercisable at $0.05 for two years from the date of issue. The Debentures will bear interest at a rate of 12% per annum, payable quarterly, and will mature and become payable on the date that is one year from the date of issuance.
About Matt Cook
Matt Cook is a writer and entrepreneur based in Los Angeles. He wrote the first draft of this debut novel, Sabotage, at nineteen while an undergraduate at Stanford University. His first book, published while a sophomore, was honored by the American Authors Association with the Golden Quill Award in the business genre. For his support of the military, Matt was honored with the President's Call to Service Award. In 2010 he cofounded California Common Sense (cacs.org), a non-profit organization dedicated to government transparency and data-driven policy analysis. The organization's research and data have appeared in Bloomberg, Reuters, Forbes, The Wall Street Journal, and a myriad of other major news sources. Matt is a PhD graduate from the University of Pennsylvania.
About Stompy Bot Corporation
Stompy Bot Corporation (CSE:BOT) is an independent video game and digital media publisher. Stompy Bot's growth strategy is to become a premier independent multimedia publisher. Their indie philosophy is to identify and acquire unique video game properties, apply innovative technologies, game development expertise, partner with movie studio resources and manage entertainment brands through a global media marketing approach. For more information visit www.stompybot.com.
Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.