HALIFAX, May 2, 2016 /PRNewswire/ - DHX Media Ltd. ("DHX" or
the "Company") (NASDAQ: DHXM; TSX: DHX.A, DHX.B), the world's leading independent, pure-play kids' content company, is pleased to
announce it has closed its previously announced bought deal public offering of shares of the Company (the "Offering"), comprised
of both variable voting shares and common voting shares (collectively, the "Shares") through a syndicate of underwriters led by
Canaccord Genuity Corp. DHX issued 8,667,000 Shares of the Company at a price of CDN$7.50 per Share
for aggregate gross proceeds of CDN$65.0 million.
DHX has granted to the Underwriters an over-allotment option exercisable at any time up to 30 days after closing of the
Offering to acquire up to an additional 1,300,050 Shares. In the event that the over-allotment option is exercised in full, the
aggregate gross proceeds of the Offering will be approximately CDN$74.8 million.
As previously disclosed, the net proceeds from the Offering will be used to repay borrowings under the Company's term credit
facility maturing July 31, 2019, fund branded content properties and associated global distribution
plans as well as to pursue additional brand opportunities, and for general corporate and working capital purposes, including
potential acquisitions.
No securities regulatory authority has either approved or disapproved the contents of this news release. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be
any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such jurisdiction.
Copies of the prospectus supplement and the accompanying final short form base shelf prospectus may be obtained by sending
a request to Canaccord Genuity Corp., Attention: Syndication, 161 Bay Street, Suite 3000, Toronto,
Ontario, M5J 2S1, ecm@canaccordgenuity.com. Alternatively,
you may get these documents for free by visiting www.sedar.com or www.sec.gov.
ABOUT DHX MEDIA LTD.
DHX Media Ltd. (www.dhxmedia.com) is the world's leading independent,
pure-play kids' content company. Owner of the world's largest independent library of kids' and family content, at more than
11,500 half-hours, DHX Media is recognized globally for such brands as Teletubbies, Yo Gabba
Gabba!, Caillou, In the Night Garden, Inspector Gadget, Make It Pop, Slugterra and the multiple award-winning Degrassi
franchise. DHX Media is comprised of four main business units: DHX Studios creates high-quality original entertainment at its
Vancouver and Halifax animation studios, its Toronto live-action studio, and in working with top international producers; DHX Distribution is a major
provider of content to the global market; DHX Television, home to the Family suite of channels, is dedicated to delivering
best-in-class programming to Canadian families; and DHX Brands specializes in creating, building and managing high-profile global
entertainment brands within the children's and young-adult markets. DHX Media also owns the full-service international licensing
agency, Copyright Promotions Licensing Group Ltd. (CPLG), which represents numerous entertainment, sport and design brands. DHX
Media has offices in 15 cities worldwide, including Toronto, Vancouver, Halifax, Los Angeles, London, Paris, Barcelona, Milan,
Munich, Amsterdam and Beijing. The Company is listed on the NASDAQ Global Select Market under the ticker symbol DHXM, and on the
Toronto Stock Exchange under the ticker symbols DHX.A and DHX.B.
DISCLAIMER
This press release contains "forward-looking statements" under applicable securities laws with respect to DHX including,
without limitation, statements regarding the Offering and use of proceeds thereof, the Company's estimates regarding the size of
its library, and the growth opportunity for DHX. Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently
available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results or events to differ materially from current expectations, among other things,
include risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including
matters discussed under "Risk Factors" in the Company's most recent Annual Information Form and annual Management Discussion and
Analysis, which also form part of the Company's annual report on Form 40-F filed with the SEC. These forward-looking statements
are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.
SOURCE DHX Media Ltd.