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

STOMPY BOT CORPORATION ANNOUNCES CHANGES TO THE BOARD AND GRANTS STOCK OPTIONS

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SAINT JOHN, Canada – Stompy Bot Corporation (CSE:BOT) (the "Corporation") is pleased to announce the appointment of Jon Gill to the board of directors of the Corporation. Mr. Gill is an executive leader with a diverse background in operations of consumer goods, logistics, manufacturing, technology/gaming and capital markets in North America, Asia and Eastern Europe. With 35+ years' experience, Mr. Gill has served as a director of more than a dozen companies. Notably, Mr. Gill was managing director of Sega Entertainment Canada from 1992 to 1996, during the 16-bit console wars era, where the Canadian division grew from $17M in annual revenue to over $178M in 24 months. In addition to Mr. Gills's operational experiences, as a past Chairman and Chief Executive Officer, he has worked extensively in the capital markets as a trader with Richardson Greenshields, Senior Investment Advisor with Macleod Young and Weir, Partner of Royal Oak Securities, Managing Director of Cheval Noir Trading, and Operating Partner of HSD Partners.

The Corporation also announces that it has granted an aggregate of 1,870,000 options to purchase common shares of the Corporation exercisable at a price of $0.15 per common share and expiring on October 13, 2018. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

The Corporation recently listed on the Canadian Securities Exchange (CSE:BOT).

About Stompy Bot Corporation

The Corporation is an independent video game and digital media publisher. The Corporation identifies, acquires, and publishes unique video game properties. The Corporation's innovative technologies, game development expertise, and global entertainment partnerships enable its success. We create value by engaging entertainment consumers with brands that are unique, creative, socially compelling, technically impressive, and delivered across multimedia platforms on a global scale.

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.

Contact Information:
Stompy Bot Corporation
James Taylor
President
1-888-449-4148
jamest@stompybot.com

SOURCE http://www.marketwired.com/press-release/-2063475.htm