LONGUEUIL, QC, Jan. 6 /CNW Telbec/ - D-BOX Technologies Inc. ("D-BOX")
(DBO.A on the TSX Venture Exchange), a leader in the field of
innovative motion technology, today announces that it has issued an
aggregate of 10,341,443 common shares at a price of $0.55 per share,
for gross proceeds to D-BOX of $5,687,794. Such shares were issued upon
the exercise of 10,341,443 common share purchase warrants issued
previously in connection with a private placement completed on
February 18, 2010. The share purchase warrants were exercised by a
group of institutional investors, including, among others, the Caisse
de dépôt et placement du Québec and Sipar. D-BOX relied on an
acceleration clause in the common share purchase warrants to shorten
the term of such warrants.
Following the exercise of such common share purchase warrants,
162,508,629 common shares of D-BOX are issued and outstanding.
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, major Hollywood Studios have D-BOX
Motion CodeTM available on feature films, DVDs and Blu-rays(TM). 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(R) 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
"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:
|Mr. Luc Audet |
D-BOX Technologies Inc.
450-442-3003 ext.: 296
Mr. Marc Jasmin CMA, Partner
Communications financières Jasmin-Dumais