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DHX Media closes C$40.3 million offering of common shares

Date Closed

November 21, 2013

Lead Office

Toronto

Value

40.30 Million CAD

On November 21, 2013, DHX Media announced that it had closed its previously announced public offering of common shares.  DHX sold 11,183,750 common shares after full exercise of the underwriters' over-allotment option, at a price of C$3.60 per common share through a syndicate of underwriters led by Canaccord Genuity for aggregate gross proceeds of approximately C$40.3 million.

The net proceeds from the offering will be used to reduce indebtedness, to fund future acquisitions, and for general corporate and working capital purposes.

DHX Media, headquartered in Halifax, is an independent creator, producer, distributor and licensor of children's entertainment content.

Canaccord Genuity, headquartered in Vancouver, is a financial services firm with operations in the wealth management and capital markets segments of the securities industry.

McCarthy Tétrault LLP represented Canaccord Genuity with a team led by Robert Hansen, and including Matthew Appleby and David Badour.

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