Digital Shelf Space Announces $500,000 Non-Brokered Private Placement Offering
March 27 2014 - 8:00AM
Marketwired
Digital Shelf Space Announces $500,000 Non-Brokered Private
Placement Offering
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 27, 2014) -
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 March 14, 2014, the Company intends to complete a non-brokered
private placement to raise up to $500,000 in funds (the
"Offering"). The Offering will consist of up to 5,000,000 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.
Digital Shelf Space Corp.Jeff SharpePresident and
CEO604.736-7977 ext.
111604.736-7944jeff[at]digitalshelfspace.comwww.digitalshelfspace.com
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