Digital Shelf Space Announces $3,000,000 Non-Brokered Private Placement Offering
April 23 2014 - 5:11PM
Marketwired Canada
Digital Shelf Space Corp. (the "Company" or "DSS") (TSX
VENTURE:DSS)(PINKSHEETS:DTSRF) is pleased to announce that further to a Price
Reservation filed with the TSX Venture Exchange on April 15, 2014, the Company
intends to complete a non-brokered private placement to raise up to $3,000,000
in funds (the "Offering"). The Offering will consist of up to 30,000,000 units
at a price of $0.10 per unit. Each unit will consist of one common share and one
common share purchase warrant. Each whole purchase warrant entitles the holder
to purchase one common share of the Company at the price of $0.15 per common
share on or before the date occurring 12 months following the closing of the
Offering (the "Offering Warrants"). Closing of the Offering is subject to the
approval of the TSX Venture Exchange.
Monies raised from this financing will be used for working capital and general
corporate purposes, and transaction and related expenses.
About Digital Shelf Space Corp.
Digital Shelf Space is an independent creator, producer and distributor of home
entertainment content targeted at the fitness and sports instruction market.
Digital Shelf Space's overall content partnership strategy is to align itself
with world-class, global brand partners. For more information please visit
www.digitalshelfspace.com and to view the Company's products please visit
www.gsprushfit.com and www.touracademydvds.com.
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of
the Canadian securities laws. Forward-looking information in this news release
include statements about the intention to complete and the details concerning a
private placement offering.
In connection with the forward-looking information contained in this news
release, Digital Shelf Space has made numerous assumptions, regarding, among
other things, expected investor interest and pricing of the proposed private
placement offering. While Digital Shelf Space considers these assumptions to be
reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Digital
Shelf Space's actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking information contained herein. Known risk factors
include, among others: the private placement offering may not close or close on
the terms currently contemplated by Digital Shelf Space; reliance on the health
and marketability of celebrity fitness talent in productions owned by Digital
Shelf Space; actual results from the use of celebrity fitness products may
differ substantially from anticipated results; the substantial investment of
capital required to produce and market video and entertainment productions,
limitations imposed by our financing abilities, unpredictability of the
commercial success of our programming, difficulties in integrating technological
changes and other trends affecting the entertainment industry.
A more complete discussion of the risks and uncertainties facing Digital Shelf
Space is disclosed in Digital Shelf Space's continuous disclosure filings with
Canadian securities regulatory authorities at www.sedar.com. All forward-looking
information herein is qualified in its entirety by this cautionary statement,
and Digital Shelf Space disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of any revisions
to any of the forward-looking information contained herein to reflect future
results, events or developments, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of the release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Digital Shelf Space Corp.
Jeff Sharpe
President and CEO
604.736-7977 ext. 111
604.736-7944 (FAX)
jeff[at]digitalshelfspace.com
www.digitalshelfspace.com
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