GLACIER MEDIA INC. Annual Information Form March 31, 2021
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GLACIER MEDIA INC. Annual Information Form March 31, 2021 TABLE OF CONTENTS FORWARD LOOKING STATEMENTS .................................................................................... 1 CORPORATE STRUCTURE OF THE COMPANY ................................................................. 1 Name, Address and Incorporation ......................................................................................... 1 Intercorporate Relationships .................................................................................................. 1 GENERAL DEVELOPMENT OF THE BUSINESS ................................................................. 2 NARRATIVE DESCRIPTION OF THE COMPANY’S BUSINESS ....................................... 2 Overview ............................................................................................................................... 2 Investment Philosophy .......................................................................................................... 5 Environmental and Property Information .............................................................................. 5 Operations, Products and Markets .................................................................................... 5 Revenues ........................................................................................................................... 6 Methods of Distribution and Marketing ........................................................................... 6 Employees ......................................................................................................................... 7 Intangible Properties ......................................................................................................... 7 Competitive Conditions .................................................................................................... 7 Seasonality ........................................................................................................................ 7 Research, Development and New Products ...................................................................... 7 Commodity Information ........................................................................................................ 8 Operations, Products and Markets .................................................................................... 8 Revenues ......................................................................................................................... 11 Methods of Distribution and Marketing ......................................................................... 11 Employees ....................................................................................................................... 11 Intangible Properties ....................................................................................................... 11 Competitive Conditions .................................................................................................. 11 Seasonality ...................................................................................................................... 12 Research, Development and New Products .................................................................... 12 Community Media Group ................................................................................................... 13 Operations, Products and Markets .................................................................................. 13 Revenues ......................................................................................................................... 15 Methods of Distribution and Marketing ......................................................................... 16 Employees ....................................................................................................................... 16 Intangible Properties ....................................................................................................... 16 Competitive Conditions .................................................................................................. 16 Seasonality ...................................................................................................................... 16 Research, Development and New Products .................................................................... 17 PREMISES ..................................................................................................................................... 17 LITIGATION ................................................................................................................................. 19 RISK FACTORS ............................................................................................................................ 18 COVI-19 ............................................................................................................................. 18 Dependence on Key Personnel ............................................................................................ 18 Competition ......................................................................................................................... 18 Growth Management ........................................................................................................... 18 Newly Acquired Businesses ................................................................................................ 19 Technological Changes ....................................................................................................... 19 Future Capital Requirements; Uncertainty of Additional Funding ..................................... 19 Existing Operations ............................................................................................................. 19 Taxation ............................................................................................................................... 20 General Market Conditions ................................................................................................. 20 Debt ...................................................................................................................................... 21 Cybersecurity ...................................................................................................................... 21 Directors’ and Officers’ Involvement in Other Projects ...................................................... 21 EQUITY FINANCING ............................................................................. 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DIRECTORS AND OFFICERS ....................................................................................................... 222 Committees of the Board of Directors ................................................................................. 23 AUDIT COMMITTEE ........................................................................................................................ 23 Fees ...................................................................................................................................... 24 Audit Fees ............................................................................................................................ 24 Tax Fees ............................................................................................................................... 24 Advisory Fees ...................................................................................................................... 24 SHARE CAPITAL ............................................................................................................................... 24 DIVIDEND POLICY ........................................................................................................................... 24 MARKET FOR SECURITIES ........................................................................................................... 25 INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ............. 25 TRANSFER AGENTS AND REGISTRARS .................................................................................. 256 MATERIAL CONTRACTS ............................................................................................................... 26 INTERESTS OF EXPERTS ............................................................................................................... 26 ADDITIONAL INFORMATION ....................................................................................................... 26 AUDIT COMMITTEE MANDATE AND CHARTER GLACIER MEDIA INC. ........ Schedule A PRINCIPAL OPERATING SUBSIDIARIES AND ASSOCIATES ................................ Schedule B 1 FORWARD LOOKING STATEMENTS This Annual Information Form contains forward-looking statements regarding the future success of the Company’s business that are subject to risk and uncertainties. Examples of such forward-looking statements include, but are not limited to, statements concerning: (i) the Company’s intention to make future acquisitions; (ii) the Company’s intention to raise additional capital as acquisition opportunities warrant; (iii) the positioning of the Company in information and marketing solutions sectors that offer growth and profit potential; (iv) the Company’s intention to build businesses and cash flow base of its acquired assets; (v) the Company’s intention to use cash flow to repay debt, to invest in existing operations, and to fund acquisitions; (vi) the Company’s intention to maintain prudent debt to total