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DHX Media Ltd Announces Closing Of Offering Of Common Shares

Thursday, 21 Nov 2013 08:36am EST 

DHX Media Ltd announced that it has closed its previously announced public offering of common shares. DHX sold 11,183,750 common shares of the Company, after full exercise of the underwriters' over-allotment option, at a price of $3.60 per common share (the Offering), through a syndicate of underwriters led by Canaccord Genuity Corp. (the Underwriters), for aggregate gross proceeds of approximately $40.3 million. The net proceeds from the Offering (after deducting the underwriters' fees and Offering expenses) will be used to reduce indebtedness, to fund future acquisitions, and for general corporate and working capital purposes. 

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