MIAMI BEACH, FL, Oct. 24, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) is pleased to announce that the management of Rangemore has approved the decision to co-list its common shares on the Canadian National Stock Exchange (CNSX). The process will involve completing a three year audit, filing a prospectus with the British Columbia Securities Commission and listing application with the CNSX. The audit process will be commencing shortly and management has begun preparing the listing application.
The advantages are:
- Rangemore will become fully reporting much quicker by having to only complete a three year audit rather than ten.
- Management can prepare the bulk of the documentation in house thereby reducing legal costs.
- The CNSX is a recognized globally as fully operational stock exchange not a quotation system.
- The CNSX operates on a true auction based trading system eliminating the need for market makers.
- Canadians citizens will be able to participate in the common share market.
- Access to funds held in RRSP and Tax Free Savings Accounts.
- Credibility and stability in the common share market.
- Potential for broker sponsorship.
- Access to European investors.
Rangemore will be relying on their Secretary/Treasurer, Richard Smith, to draw on his experience gained during his two year tenure as Listing Manager-Western Canada for the CNSX, to see the process through. Mr. Smith was also the first to co-list a CNSX company on a European stock exchange. Co-listing Rangemore on the CNSX it will allow European investor to purchase common shares through the open market.
"By co-listing on the CNSX we fast track the process of becoming fully reporting and we can then get access to Europe" stated Richard Smith, Secretary and Treasurer of Rangemore. "We have great contacts over in Europe but they can't participate currently because of where our common shares are quoted. Listing on the CNSX takes care of all that" continued Mr. Smith.
About Rangemore Film Productions Corp.
Rangemore Film Productions Corp. is a publicly traded company who is in the business of operating film studios and co-producing independent film productions.
Rangemore is currently in the process of identifying and acquiring studio suitable properties in four key markets: Asia; South Africa; Europe and North America. Potential acquisition sites will have to meet certain criteria including: a low cost per square foot; easy conversion into usable studio space; established local infrastructure; established local film industry; limited or non-existent competition; available government tax incentives and mortgage financeable. The identified acquisitions will be either purchased outright utilizing debt funding and tax credit incentive programs or leased on a long term basis.
Along with the studio operations, Rangemore will be actively investing in and co-producing independent film productions. Currently Rangemore has a revenue sharing agreement with an independently produced feature film and a second agreement with a ten episode cartoon series.
Rangemore Film Productions Corp. is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
For more information on Rangemore Film Productions Corp. please call 786.924.6579 or go to www.rangemorefilmproductions.com
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Rangemore Film Productions Inc.'s filings with OTCMarkets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE Rangemore Film Productions Corp.