Mogo in deal with with Postmedia Network to launch a new content channel

Mogo announced a new strategic partnership with Postmedia Network, a Canadian news media company representing more than 130 brands across multiple print, online, and mobile platforms, to launch a new content channel with news and information on wealth-building. The channel will be aimed at educating Canadians on how to invest, accumulate wealth, and manage it effectively to achieve their financial goals, addressing a gap in the availability of quality educational content from existing financial services providers. According to the J.D. Power 2023 Canada Retail Banking Advice Satisfaction Study, “Investment and retirement advice is the most frequent type of advice both desired and received by bank customers and interest for this topic is on the rise” . With a joint focus on educating current and future investors, Postmedia is establishing a new digital channel on the Financial Post platform, with distribution extending to other Postmedia properties…”We’re very pleased to be renewing our long-running partnership with Mogo as part of this unique initiative,” said Andrew MacLeod, President and Chief Executive Officer, Postmedia. “This new channel represents the perfect alignment between Mogo’s vision for the future and Postmedia’s commitment to delivering indispensable, trusted content to Canadians.” Under the new agreement, Mogo will issue 500,000 warrants to Postmedia, each such warrant entitling Postmedia to acquire one Mogo share at a price of $2.15 for a period of three years from the date of issue. Issuance of the warrants is subject to TSX approval.