Vancouver, British Columbia–(BUSINESS WIRE)–Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (thunderbird or the company) announced today that on Friday, November 18, 2022, the Company granted 121,000 Restricted Share Units (RSUs) to employees under the terms of the Company’s stock-based compensation plan. Each RSU is settled in cash upon vesting. The RSUs vest in three equal installments on the anniversaries from the grant date. These grants were made to properly recognize the past and ongoing contributions of recipient employees and to encourage them to continue to make significant contributions to Thunderbird’s success in the future.
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ABOUT THUNDERBIRD ENTERTAINMENT GROUP
Thunderbird Entertainment Group is a global, award-winning, full-service, multi-platform production, distribution and rights management company headquartered in Vancouver with additional offices in Los Angeles, Toronto and Ottawa. Thunderbird creates award-winning scripted, non-scripted and animated programming for the world’s leading digital platforms, Canadian and international broadcasters. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces and distributes animated, factual and scripted content through its various content branches, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media), formerly known as Thunderbird Factual, and Thunderbird Scripted. Productions under the Thunderbird umbrella include The last children on earth, Molly from Denali, highway through hell and Kim’s convenience, among other. The company also has a team dedicated to global distribution and consumer products. Thunderbird is on Facebook, Twitter and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Statement Regarding Forward-Looking Information
This press release contains certain “forward-looking statements” under applicable Canadian securities laws that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to RSUs are settled in cash upon vesting; the vesting schedule of the RSUs; future employee contributions; and the company’s objectives, goals or future plans. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those expressed or implied therein differ from forward-looking statements. These factors include, among others: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set forth in the Company’s Management’s Discussion and Analysis for the three months ended September 30, 2022 and other public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in the preparation of the forward-looking statements are reasonable, you should not place undue reliance on these statements, which speak only as of the date of this press release, and make no representations about them are given events will occur in the specified time periods or at all. Except as required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.