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NETWORK MEDIA ANNOUNCES CLOSING OF CONVERTIBLE DEBENTURES AND DEBT SETTLEMENT

Newswire.ca - Fri Oct 10, 2025

VANCOUVER, BC, Oct. 10, 2025 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF) ("Network" or the "Company") announces that it has completed the previously announced non-brokered private placement offering of convertible debentures (the "Debentures") with gross proceeds of CAD$650,000 (the "Offering"). The principal sum of the Debentures bear interest at the rate of 12% per annum and mature on the date that is twenty-four (24) months from the date of issuance. The proceeds of the Offering are being used for general administrative purposes and for settlement of debt.

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