ZoomAway Announces Approval for Financing

By April 22, 2019Games, Headlines, Press Releases

Vancouver, BC / TheNewswire / April 22, 2019 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”), a leader in hospitality industry innovation, is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “Exchange to proceed with the previously announced financing with an Ontario based investment management firm (the “Investment Firm”). Under the financing agreement, AIP Asset Management Inc., its funds and related and affiliated parties (“AIP”) will receive, senior secured, collateralized convertible notes for the aggregate purchase price of USD $750,000 (the “Notes”) – approximately CDN $1million. Each Note will be convertible into common voting shares at a price of CAD $0.08 per share in year one and CAD $0.10 in the second year.

Among other things, proceeds from the notes are expected to be used for the development of the Company’s revolutionary new gamified platform “ZoomedOUT” (, designed around its beta launch city, Las Vegas, NV as well as mergers and acquisitions. Prior to this financing, the Company has pre-emptively begun the initial phases of its flagship product and is pleased to report that the first production milestone with its games production partner, Zero 8 Studios, Inc is complete.

Sean Schaeffer, CEO of Zoomaway Travel, commented, “For the last couple of months, we have been working with our funding partner and the Exchange to move forward with the approval for this financing. It may have taken a little longer than we expected but the result is worth it to us to continue to make headway with the project at a substantially better pace. We are continuing to improve the bottom line, create new product and move the Company forward.” Said Sean Schaeffer, CEO of Zoomaway Travel Inc.

All securities issued or issuable in connection with the Notes and loans are or will be subject to a statutory hold period expiring on the date that is four months and one day after the distribution date. None of the securities issued or issuable in connection with the Notes and loans will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Or for additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real-time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at

Travel Game (Canadian Co.) is a ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT which can be seen at To receive more detailed, or investor level information, please contact us at and we will respond with the appropriate documentation depending on your request.

About Zero8

Zero8 Studios, based in Reno, Nevada, specializes in new and innovative games and technology platforms. With a focus on social gaming and almost two decades of experience building countless game titles, gaming platforms, and various technologies. The Zero8 Studios’ team has assisted dozens of AAA publishers, large clientele, manufacturers, and casinos in the design, production, and delivery of their products to players around the world. Additional information can be found at

Forward-Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.