Business
DHX Media announces closing of offering of common shares
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[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,\n PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN\n WHOLE OR IN PART, IN OR INTO THE UNITED STATES/\n\n\nHALIFAX, Nov. 21, 2013 /CNW/ - DHX Media Ltd. (\"DHX\" or the \"Company\")\n (TSX: DHX), a leading independent creator, producer, distributor and\n licensor of children's entertainment content, is pleased to announce\n that it has closed its previously announced public offering of common\n shares.  DHX sold 11,183,750 common shares of the Company, after full\n exercise of the underwriters' over-allotment option, at a price of\n $3.60 per common share (the \"Offering\"), through a syndicate of\n underwriters led by Canaccord Genuity Corp. (the \"Underwriters\"), for\n aggregate gross proceeds of approximately $40.3 million.\n\n\nThe net proceeds from the Offering (after deducting the underwriters'\n fees and Offering expenses) will be used to reduce indebtedness, to\n fund future acquisitions, and for general corporate and working capital\n purposes.\n\n\nThis press release shall not constitute an offer to sell or the\n solicitation of an offer to buy nor shall there be any sale of the\n securities in any state in which such offer, solicitation or sale would\n be unlawful. The securities have not been and will not be registered\n under the United States Securities Act of 1933, as amended, or any\n state securities laws and may not be offered or sold in the United\n States unless registered or an applicable exemption from the\n registration requirements is available.\n\n\nAbout DHX Media\nDHX Media (www.dhxmedia.com) is a leader in the creation, production and licensing of family\n entertainment rights.  DHX Media owns, markets and distributes 9,500\n half hours of children's entertainment content, and exploits owned\n properties through its consumer products licensing business.  DHX Media\n is recognized for brands such as Yo Gabba Gabba!, Caillou, Teletubbies,\n In the Night Garden, Inspector Gadget, Johnny Test and Super WHY!. DHX\n Media's full-service international licensing agency, Copyright\n Promotions Licensing Group, (CPLG), represents numerous entertainment,\n sport and design brands. DHX Media has offices in Toronto, Los Angeles,\n Vancouver, Halifax, London, Paris, Barcelona, Mil...