/NOT FOR DISTRIBUTION OR DISSEMINATION INTO
THE UNITED STATES OR THROUGH
U.S. NEWSWIRE SERVICES/
HALIFAX, Dec. 11, 2019 /CNW/ - DHX Media Ltd. (dba
WildBrain) ("WildBrain" or the "Company") (TSX: DHX, NASDAQ: DHXM)
announced additional information regarding insider participation in
the Company's rights offering that closed on November 22, 2019 (the "Rights Offering").
In total, 35,928,144 common and variable voting shares
("Shares") were issued under the Rights Offering to raise
$60.0 million in gross proceeds.
Insiders purchased over 53% of the total number of Shares
issued.
Pursuant to the basic subscription privilege under the Rights
Offering, 23,145,078 Shares were issued, with Company insiders
acquiring 10,802,451 of the basic subscription Shares. Pursuant to
the additional subscription privilege under the Rights Offering,
12,783,066 Voting Shares, with Company insiders acquiring 8,404,570
of the additional subscription Shares.
For more information, please contact:
Investor Relations: Nancy
Chan-Palmateer – Director, Investor Relations, WildBrain
nancy.chanpalmateer@wildbrain.com
+1 416-977-7358
About WildBrain
At WildBrain we make great content for kids and families. With
over 13,000 half-hours of filmed entertainment in our library – one
of the world's most extensive – we are home to such brands as
Peanuts, Teletubbies, Strawberry Shortcake,
Caillou, Inspector Gadget and Degrassi. Our
shows are seen in more than 150 countries on over 500 telecasters
and streaming platforms. Our AVOD business – WildBrain Spark
– offers one of the largest networks of kids' channels on YouTube,
with over 109 million subscribers. We also license consumer
products and location-based entertainment in every major territory
for our own properties as well for our clients and content
partners. Our television group owns and operates four family
entertainment channels that are among the most-viewed in
Canada. WildBrain is headquartered
in Canada with offices worldwide
and trades on the Toronto Stock Exchange (DHX) and the NASDAQ
(DHXM). Visit us at www.wildbrain.com.
On September 23, 2019, DHX
Media Ltd. announced it is rebranding as "WildBrain".
Forward-Looking Statements
This press release contains "forward-looking statements" under
applicable securities laws with respect to the Company including,
without limitation, statements regarding the business strategies
and operations of the Company. Although the Company believes that
the expectations reflected in such forward-looking statements are
reasonable, such statements involve risks and uncertainties and are
based on information currently available to the Company. Actual
results or events may differ materially from those expressed or
implied by such forward-looking statements. Factors that could
cause actual results or events to differ materially from current
expectations, among other things, include the risk factors
discussed in materials filed with applicable securities regulatory
authorities from time to time including matters discussed under
"Risk Factors" in the Company's most recent Annual Information Form
and annual Management Discussion and Analysis, which also form part
of the Company's annual report on Form 40-F filed with the U.S.
Securities and Exchange Commission. These forward-looking
statements are made as of the date hereof, and the Company assumes
no obligation to update or revise them to reflect new events or
circumstances, except as required by law.
SOURCE DHX Media Ltd. (dba WildBrain)
