Madison Venture Corporation acquires shares of Glacier

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VANCOUVER, British Columbia, March 31, 2021 (GLOBE NEWSWIRE) – Madison Venture Corporation (“Madison”) announces that it has entered into a purchase agreement to acquire, by private transaction, a total of 5,000,000 shares common shares of Glacier Media Inc. (“Glacier”) at a price of $ 0.41 per common share for a total consideration of $ 2,050,000.

Prior to the acquisition, Madison and its affiliates held over 62,555,632 common shares of Glacier, representing approximately 49.96% of the outstanding common shares of Glacier. Following the acquisition, Madison and its affiliates will own, directly or indirectly, 67,555,632 common shares of Glacier, representing approximately 50.9% of the outstanding common shares of Glacier following the closing of the transaction. exchange of Glacier shares with GVIC Communications Corp. which Glacier announced today is closing and holding warrants to acquire an additional 1,115,000 common shares of Glacier at a price of $ 4.48 per share.

Common shares will be acquired for investment purposes. Madison may acquire additional Glacier securities in the future on the open market or through private transactions.

For more information or to obtain a copy of the acquisition report filed under securities legislation, please contact Mr. Dino Di Marco, Executive Vice President and Chief Financial Officer, at 604-638- 5272.

About Madison: Madison is a privately held, diversified holding company.

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