Ms. Nancy Chan-Palmateer reports
DHX MEDIA LTD. (DBA WILDBRAIN) ANNOUNCES INSIDER PARTICIPATION IN RECENTLY COMPLETED RIGHTS OFFERING
DHX Media Ltd. (doing business as WildBrain) has provided additional information regarding insider participation in the company's rights offering that closed on Nov. 22, 2019.
In total, 35,928,144 common and variable voting shares were issued under the rights offering to raise $60-million in gross proceeds. Insiders purchased over 53 per cent of the total number of shares issued.
Pursuant to the basic subscription privilege under the rights offering, 23,145,078 shares were issued, with company insiders acquiring 10,802,451 of the basic subscription shares. Pursuant to the additional subscription privilege under the rights offering, 12,783,066 voting shares, with company insiders acquiring 8,404,570 of the additional subscription shares.
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