Halifax, NS – 14 November 2007 – DHX Media Ltd. (“DHX Media” or the “Company”) (AIM & TSX ticker: “DHX”), a leading independent international producer and distributor of television programming and interactive content, today announces, in connection with the Company’s previously announced bought-deal offering with a syndicate of underwriters led by GMP Securities L.P. and including Canaccord Capital Company, TD Securities Inc. and Paradigm Capital Inc. which closed on November 13, 2007 (the “Offering”), the exercise, in part, of the over-allotment option granted under the Offering (the “Over-Allotment Option”), pursuant to which the Company today has issued 115,000 common shares and 72,750 common share purchase warrants for gross proceeds of $212,368.
The Company filed a short form prospectus on November 7, 2007 in each of the provinces of Canada to qualify the distribution of the securities issued pursuant to the exercise of the Over-Allotment Option. Application has been made for the common shares (“New Common Shares”) issued pursuant to the partial exercise of the Over-Allotment Option, to be admitted to trading on the AIM market of the London Stock Exchange, which is expected to occur on November 20, 2007. The New Common Shares will rank pari passu with the existing common shares of the Company.
For more information, please contact:
DHX Media Ltd.
Dana Landry – Chief Financial Officer
David A. Regan – EVP Corporate Development & Investor Relations
AIM Nominated Advisors: Canaccord Adams Limited
+44 (0) 20-7050-6500
This press release is not for dissemination in the United States or to any United States news services. The common shares and warrants comprising the Units have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About DHX Media Ltd.
DHX Media Ltd. is a leading international producer and distributor of television programming and interactive content with an emphasis on children, family and youth markets. DHX Media Ltd. is listed on AIM and on the Toronto Stock Exchange. DHX Media’s production companies, Decode Entertainment and Halifax Film, are the producers or co-producers of 11 original television series or theatrical releases currently commissioned for production and maintain a growing library of over 1,700 half-hours of mostly children and youth-oriented television productions. www.dhxmedia.com
Certain statements herein may constitute forward-looking statements, including those identified by the expressions ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘could,’’ ‘‘anticipate,’’ ‘‘believe,’’ ‘‘plan,’’ ‘‘estimate,’’ ‘‘potential,’’ ‘‘expect,’’ ‘‘intend’’ and similar expressions to the extent they relate to the Company or its Management. These statements reflect the Company’s current expectations and are based on information currently available to Management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations. Factors that could cause actual results or events to differ materially from current expectations, among other things, include risks related to completing the offering of units including capital markets conditions and general economic and market factors, customer contract interpretation, application of accounting policies and principles, and production related risks, and other factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under “Risk Factors” in the Corporation’s short form prospectus dated November 7, 2007 and in the Corporation’s Amended Annual Information Form incorporated by reference therein. These forward-looking statements are made as of the date hereof, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances. With respect to the United Kingdom (the “U.K.”) the Offering is only being and may only be made to and directed at persons in the U.K. who are (a) a “Qualified Investor” within the meaning of Section 86(7) of the Financial Services and Markets Act 2000 of the U.K. as amended from time to time (“FSMA”) and (b) within the categories of persons referred to in Article 19 (Investment professionals) or Article 49 (High net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 of the U.K. (“Financial Promotion Order”) (all such persons together being referred to as “relevant persons”). The Units are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such common shares will be engaged in only with, relevant persons in the UK.