GeoNovus Media Signs Participation Agreement with Gabriel Napora for Revenue Share of 6 Film Titles
GEONOVUS MEDIA CORP. (CSE: GNM) ("GeoNovus" or the "Company") a new digital media company with a focus on motion picture production and distribution, music creation and music publishing, is pleased to announce it has signed a Participation Agreement with producer Gabriel Napora (Triton Films.
Vancouver, Canada, June 28, 2015 (Newswire.com) - GeoNovus Media Corp is excited to enter into this agreement with Gabriel Napora (a GNM board member) and Triton Films, to share in the net profits of six upcoming films over the next 24 months.
Mr. Napora has recently produced the Martin Sheen film “Badge of Honor” and the Danny Trejo film “Juarez 2045”. The Sony box office hit “Chappie” starring Hugh Jackman and Sigourney Weaver was based on a short film Gabriel produced with Neill Blomkamp (Director of “District 9”). Gabriel’s work is known for visually striking, heavy visual effects films and he currently has projects in progress with major film studios.
Mr. Napora and The Company will determine the six films pursuant to the terms of the Participation Agreement. In consideration for the acquisition of the participation rights under the Participation Agreement, the Company has agreed to issue up to 17 million shares from treasury to Gabriel Napora.
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