DHX Media Bought Deal Offering Raises C$17.46 MM


    AIM and TSX: DHX

    HALIFAX, Nov. 13 /CNW/ - DHX Media Ltd. (AIM & TSX ticker: "DHX"), a
leading independent international producer and distributor of television
programming and interactive content, today announced the completion of its
previously announced offering with a syndicate of underwriters led by GMP
Securities L.P. and including Canaccord Capital Corporation, TD Securities
Inc. and Paradigm Capital Inc. to purchase on a bought deal basis
9,700,000 units ("Units") from the Corporation at a price of C$1.80 per Unit
for aggregate gross proceeds of C$17,460,000 (the "Offering"). Each Unit
consists of one common share in the capital of the Corporation and one-half of
one common share purchase warrant. Each whole warrant entitles the holder
thereof to purchase one common share of the Corporation until the date that is
36 months after the closing date at a price of C$2.10 per common share.
    The Corporation intends to use the net proceeds of the Offering for
possible future acquisitions, working capital and general corporate purposes.
In keeping with its overall strategy, the Corporation is currently evaluating
various potential acquisition opportunities. Although no agreements or
understandings have been reached and no commitments made with respect to any
transaction, there have been significant discussions in certain cases. While
the Corporation intends to continue discussions relating to one or more of
these potential acquisition opportunities following the completion of the
Offering, it is not possible to predict whether any of these discussions may
lead to the announcement of a transaction, or the timeframe within which this
might occur. However, the Corporation cannot preclude the possibility that
agreement on one or more acquisition transactions will be reached in the weeks
or months following the closing of this Offering. If agreement on one or more
acquisition transactions is reached, all or a portion of the net proceeds of
the Offering may be re-allocated to effect such acquisitions.
    The Corporation filed a short form prospectus in each of the provinces of
Canada, for the purpose of qualifying the distribution of the Units to the
public, on November 7, 2007. The common shares will be admitted to trading on
the AIM market of London Stock Exchange on November 14, 2007.

    This press release is not for dissemination in the United States or to
any United States news services. The common shares and warrants comprising the
Units have not and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold in the United States or to any U.S. person
except in certain transactions exempt from the registration requirements of
the U.S. Securities Act and applicable state securities laws.

    About DHX Media Ltd.

    DHX Media Ltd. is a leading international producer and distributor of
television programming and interactive content with an emphasis on children,
family and youth markets. DHX Media Ltd. shares trade on AIM and are listed on
the TSX, the Toronto Stock Exchange. DHX Media's production companies, Decode
Entertainment and Halifax Film, are the producers or co-producers of
14 original television series and theatrical releases currently commissioned
for production and maintain a growing library of over 1,750 half-hours of
mostly children and youth-oriented television productions. www.dhxmedia.com

    Forward-Looking Statements

    Certain statements herein may constitute forward-looking statements,
including those identified by the expressions "may", "will", "should",
"could", "anticipate", "believe", "plan", "estimate", "potential", "expect",
"intend" and similar expressions to the extent they relate to the Company or
its Management. These statements reflect the Company's current expectations
and are based on information currently available to Management. These
forward-looking statements are subject to a number of risks, uncertainties,
assumptions and other factors that could cause actual results or events to
differ materially from current expectations. Factors that could cause actual
results or events to differ materially from current expectations, among other
things, include risks related to completing the offering of units including
capital markets conditions and general economic and market factors, customer
contract interpretation, application of accounting policies and principles,
and production related risks, and other factors discussed in materials filed
with applicable securities regulatory authorities from time to time including
matters discussed under "Risk Factors" in the Corporation's short form
prospectus dated November 7, 2007 and in the Corporation's Amended Annual
Information Form incorporated by reference therein. These forward-looking
statements are made as of the date hereof, and the Corporation assumes no
obligation to update or revise them to reflect new events or circumstances.
    With respect to the United Kingdom (the "U.K.") the Offering is only
being and may only be made to and directed at persons in the U.K. who are (a)
a "Qualified Investor" within the meaning of Section 86(7) of the Financial
Services and Markets Act 2000 of the U.K. as amended from time to time
("FSMA") and (b) within the categories of persons referred to in Article 19
(Investment professionals) or Article 49 (High net worth companies,
unincorporated associations, etc.) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 of the U.K. ("Financial Promotion
Order") (all such persons together being referred to as "relevant persons").
The Units are only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such common shares will be engaged in
only with, relevant persons in the UK.
    %SEDAR: 00023380E

For further information:

For further information: DHX Media Ltd.: Dana Landry, Chief Financial
Officer; David A. Regan, EVP, Corporate Development & IR, +1 902-423-0260; AIM
Nominated Advisors: Canaccord Adams Limited: Neil Johnson; Erin Needra, +44
(0) 20 7050 6500

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