Heavy Gear® License Renewed Until 2022

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Saint John, New Brunswick -- (June 9, 2017) - Stompy Bot Corporation (CSE: BOT) and its partner Dream Pod 9, Inc. announce the renewal for another five (5) years of the license to commercialize Heavy Gear between the two companies. The terms of the agreement remain the same for the license renewal period.

Further, Stompy Bot will announce a series of eSports tournaments and events with a number of eSports partners as a major part of a marketing ramp up strategy.

Vince McMullin, CEO, Stompy Bot said: "Since arriving on Steam Early Access, the development team has been paving the way towards eSports based marketing by integrating early adopters' feedback through a series of key updates. We now have the support of our community of players as well as our games industry partners and are poised to capitalize on the expanding eSports market. This represent a major opportunity to Heavy Gear Assault (HGA). ESports will play a pivotal part in our expansion, commercialization, and revenue strategies for HGA." 

Robert Dubois, President, Dream Pod 9, Inc. said: "The Heavy Gear franchise is a rich and deep storied universe. We at Dream Pod 9 are very pleased by how Stompy Bot's team has captured the gritty-competitive essence of the universe's Arena sport: Gear Dueling. Stompy Bot has worked hard to bring the Heavy Gear universe to a whole new generation of video gamers. Through the technological achievements of Heavy Gear Assault - we now have Heavy Gear on a modern graphics engine with the potential to captivate eSports audiences worldwide."

About Dream Pod 9

Founded in 1993, Dream Pod 9 is a Canadian-based international tabletop and miniatures wargaming company and the world-wide rights holder and creator of the Heavy Gear Franchise. Heavy Gear has had two successful computer games published by Activision and a televised animated mini-series by Sony Home Entertainment. Heavy Gear Assault is the third computer game of the franchise.

About Stompy Bot

Stompy Bot is an independent game publisher and developer with its design studio located in Saint-John, New Brunswick, Canada, and is currently producing the next PC based AAA video game in the award winning Heavy Gear franchise. Of the three projects the company has under development, Heavy Gear Assault will be the first to be commercialized. Stompy Bot is the exclusive Heavy Gear digital games license holder.

About Heavy Gear Assault

Gears, Guts, Glory - Heavy Gear® Assault puts your play style to the test in various Gear platforms including sniper, brawler, electronics, and recon. You are a pilot on the distant planet of Terra Nova, pushing the boundaries of your personal war machine, in an all-out corporate sponsored warfare, seeking fame and glory while destroying your opponent. Enjoy unparalleled customization, beautiful environments, innovative eSports integration, and a dynamic combat system.

Heavy Gear® Assault's development will continue to follow a modular release strategy while in Early Access on Steam. Heavy Gear® Assault is being developed with Epic Game's bleeding edge Unreal Engine 4 game engine. In doing this, the development team has developed proprietary technologies that can be reused for future titles using Unreal Engine 4. HGA will receive additional features and content to be released regularly throughout 2017. The title is currently available on Steam as an Early Access title.

For further information, please contact: 
Jon Gill - Stompy Bot Corporation 
Executive Chairman 
Tel: 416-722-1166 
Email: jgill@stompybot.com

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


Read more at http://www.stockhouse.com/news/press-releases/2017/06/09/dream-pod-9-inc-renews-heavy-gear-license-with-stompy-bot-heavy-gear-assault#23wiyjTwyeLkBXQk.99

Heavy Gear® Assault Takes Aim at Steam

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Heavy Gear® Assault Takes Aim at Steam
Titans will fall as Stompy Bot Productions confirms release date for its benchmark-setting, UE4-powered mech shooter

New Brunswick, Canada – December 9, 2016 – Stompy Bot Productions (CSE: BOT) today confirmed that its award-winning Heavy Gear® Assault will be launching on December 15, 2016 for PC through Steam Early Access. Developed by MekTek Studios, Heavy Gear® Assault is a metal-grinding, heart-pounding, combination of fast-paced mech warfare, fuelled by corporate sponsors, on a distant alien planet known as Terra Nova.

The first mech sim to be built in Unreal Engine 4, Heavy Gear® Assault sets a new benchmark for the mech gaming scene, with a game made by and for true mech fans. The same fans behind the critically acclaimed MechWarrior4 MekPaks now bring the return of the cult mech franchise Heavy Gear, which began life as a tactical tabletop wargame and role-playing game in 1994, spawning an animated series and two video game incarnations, Heavy Gear (1997) and Heavy Gear II (1999).

The Steam release of Heavy Gear® Assault is a video gaming David & Goliath tale for developer MekTek Studios and publisher Stompy Bot, who originally looked to Kickstarter to fund its ambitious project back in 2013. It cancelled the campaign when it became clear that it would not be a success, but remained undeterred, beating the odds and finding support from loyal game fans, angel investors, and capital markets.

Vince McMullin, CEO and Producer, Stompy Bot, said:
Heavy Gear® Assault found great support through our communities who shared their love and passion for the Heavy Gear franchise. Stompy Bot’s independence has enabled us to deliver an outstanding game, which is still closer to the characteristics of the mech genre than anyone has offered before. However, we’re not resting on our laurels and will continue our relationship with the community during Early Access, as we want their feedback as we roll out new features.”

Joe Kreiner, Epic Games' head of Unreal Engine licensing for the Americas, said:
“As one of the first mech sims built with Unreal Engine 4, it's great to see Heavy Gear®Assault make its way into players' hands. This shows how a small team can use our tools to get ahead, realize their vision and ship a fun game.”

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STOMPY BOT ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

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SAINT JOHN, NEW BRUNSWICK--(Marketwired - Oct. 21, 2016) - Stompy Bot Corporation (the "Corporation") (CSE:BOT) announces that, further to its press release dated August 15, 2016, it has completed the second and final tranche of its previously announced non-brokered private placement private of up to $200,000 in principal amount of secured convertible debentures (the "Debentures") at a price of $1,000 and integral multiples thereof per debenture (the "Offering"), with each $1,000 Debenture consisting of 8,000 common share purchase warrants (the "Warrants"). Each Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Corporation at a price of $0.05 per common share (the "Warrant Shares") for two (2) years from the date of issue. The Debentures will have an interest rate of 12% per year, calculated semi-annually from their date of issuance and will mature on the date that is one (1) year from the date of issuance. At the option of the holder, principal under the Debenture is convertible (the "Conversion") into common shares of the Corporation (the "Conversion Shares") at a conversion price of $0.05 per Conversion Share. In connection with the second and final tranche, the Company has issued 115 Debentures and 920,000 Warrants of the Company for total aggregate proceeds of $115,000. Proceeds of the Offering will be used to fund the development and marketing of the Corporation's video games, and for general working capital purposes.

The Corporation also announces that it has settled an additional $35,409.44 of debt through the issuance of 708,188 common shares of the Company at a price of $0.05 per common share with arms-length and non-arm's length creditors (the "Debt Settlement").

The Debentures, Warrants, Conversion Shares, Warrant Shares and common shares issued in connection with the Debt Settlement are subject to a statutory four month and one day hold period.

The Offering and Debt Settlement constituted a related party transaction within the meaning of Multilateral Instrument 61-101 ("MI 61-101") as insiders of the Company subscribed for an aggregate of 60 Debentures and 480,000 Warrants, and acquired, directly and indirectly, an aggregate of 336,128 common shares pursuant to the Debt Settlement. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by the insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the second and final tranche of the private placement, which the Company deems reasonable in the circumstances in order to avail itself of the proceeds of the private placement and complete the Offering in an expeditious manner.

About Stompy Bot Productions

Stompy Bot Productions is a wholly owned subsidiary of publicly traded Stompy Bot Corporation (CSE:BOT) - an independent video game developer and digital media publisher. Stompy's growth strategy is to become a premier independent multimedia publisher. Their indie philosophy is to identify and acquire unique video game properties, apply innovative technologies, game development expertise, partner with movie studio resources and manage entertainment brands through a global media marketing approach. Stompy Bot is the exclusive Heavy Gear digital games license holder and publisher of Heavy Gear Assault, a next generation PC title using Epic Games' latest Unreal Engine 4 technology. For more information visit www.stompybot.com.

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

Shares Outstanding: 64,864,202

CONTACT:
Stompy Bot Corporation
Jon Gill
Executive Chairman
416-722-1166
jgill@stompybot.com

SOURCE http://www.marketwired.com/press-release/stompy-bot-announces-closing-second-final-tranche-non-brokered-private-placement-convertible-cse-bot-2168910.htm