/This release is intended for distribution in Canada only and is not
intended for distribution to United States newswire services or for
dissemination in the United States/
LONGUEUIL, QC, Jan. 5 /CNW Telbec/ - D-BOX Technologies Inc. ("D-Box")
(DBO.A on the TSX Venture Exchange), a leader in innovative motion
technology, announced today that it has completed a second closing of
its previously-announced bought-deal public offering by issuing
3,846,154 common shares, at a price of $0.65 per share, for gross
proceeds to D-Box of approximately $2.5 million.
The sale of the 3,846,154 common shares represents the second and final
tranche of a bought-deal public offering of a total 23,077,000 common
shares, for aggregate gross proceeds to D-Box of $15,000,050.
The 3,846,154 common shares were sold to a syndicate of underwriters led
by National Bank Financial Inc. and including Canaccord Genuity Corp.,
NCP Northland Capital Partners Inc., Cormark Securities Inc. and
Industrial Alliance Securities Inc.
The net proceeds of the offering will be used by D-Box primarily to
accelerate the deployment of its motion systems for commercial-theatre
application, consistent with D-Box's business objective of deploying
its motion systems in the commercial-theatre market and ensuring
broader geographical coverage in North America. The balance of the net
proceeds will be used by D-Box for working capital and capital
As a result of the closing of the second and final tranche of the
bought-deal public offering, there are 152,152,186 issued and
outstanding common shares of D-Box.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction.
The shares offered have not been and will not be registered under the
U.S. Securities Act of 1933 or state securities laws. Accordingly, the
shares may not be offered or sold to U.S. persons except pursuant to
applicable exemptions from registration.
D-BOX Technologies designs and manufactures leading edge high-technology
motion systems mainly suited to the needs of the entertainment
industry. With its unique, patented technology, D-BOX Motion CodeTM uses motion effects specifically programmed for each film, TV series or
video game, which are sent to a motion generating system integrated
within either a platform or a seat. The resulting motion is perfectly
synchronized with all onscreen action, creating an unmatched realistic,
immersive experience. To date, D-BOX Motion CodeTM is available on more than 900 titles.
Accordingly, many prominent Hollywood studios have started embedding
D-BOX Motion CodeTM on selected high definition Blu-rayTM and theatrical releases. By reaching agreements with the leaders of
both the motion picture and gaming industries, D-BOX's award-winning
motion technology is gradually proving itself as a new global standard
in the entertainment world. D-BOX is a publicly traded company listed
on the TSX Venture Exchange under the symbol DBO.A. For further
information please see www.d-box.com. D-BOX® is a registered trademark and D-BOX Motion CodeTM is a trademark of D-BOX Technologies Inc. Other names are for
informational purposes only and may be trademarks of their respective
This press release may contain forward-looking statements with respect
to D-Box and its operations, strategy, financial performance and
condition. These statements generally can be identified by use of
forward-looking words such as "may", "will", "expect", "estimate",
"anticipate", "intends", "believe" or "continue" or the negative
thereof or similar variations. The actual results and performance of
D-Box could differ materially from those expressed or implied by such
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations. Some
important factors that could cause actual results to differ materially
from expectations include, among other things, general economic and
market factors, competition, changes in government regulation and the
factors described under "Risk Factors" in the annual information form
of D-Box. The cautionary statements qualify all forward-looking
statements attributable to D-Box and persons acting on its behalf.
Unless otherwise stated, all forward-looking statements speak only as
of the date of this press release and D-Box has no obligation to update
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 this release.
SOURCE D-BOX TECHNOLOGIES INC.
For further information:
Marc Jasmin CMA, Partner
Jasmin-Dumais Financial Communications