D-BOX TECHNOLOGIES INC.
TSX VENTURE : DBO.A

D-BOX TECHNOLOGIES INC.

November 29, 2010 16:02 ET

D-BOX Technologies Announces Bought Deal Financing for Gross Proceeds of $15,000,050 Million

LONGUEUIL, QUEBEC--(Marketwire - Nov. 29, 2010) -

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

D-BOX Technologies Inc. ("D-Box" or the "Company") (TSX VENTURE:DBO.A), a leader in innovative motion technology, announced today that it has entered into an agreement to sell, on a bought deal basis, 23,077,000 common shares from treasury (the "Shares") to a syndicate of underwriters led by National Bank Financial Inc., and including Canaccord Genuity Corp., NCP Northland Capital Partners Inc., Industrial Alliance Securities, and Cormark Securities Inc., at a price of $0.65 per Share, for gross proceeds to D-Box of $15,000,050. The net proceeds from the sale of the Shares will be used to fund the Company's business plan which entails, among other things, the deployment of D-Box seats in theatres, and for general corporate purposes. The Shares will be offered in each of the provinces of Canada by way of a short-form prospectus, and in the United States under applicable private placement exemptions. A preliminary short form prospectus will be filed by December 21, 2010.

D-Box has also granted the underwriters an over-allotment option to purchase up to 2,308,000 additional Shares, representing 10% of the size of the offering. The over-allotment option may be exercised for 30 days following the closing of the offering to cover over-allotments and for market stabilization purposes, if any.

The offering is expected to close on or about December 21, 2010 and is subject to all customary conditions and regulatory approval, including that of the TSX Venture Exchange.

The Shares have not been and will not be registered under the United States Securities Act of 1933 and accordingly will not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to applicable exemptions from the registration requirements.

About D-Box

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 Code™ 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 Code™ is available on more than 900 titles.

Accordingly, many prominent Hollywood studios have started embedding D-BOX Motion Code™ on selected high definition Blu-ray™ 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 Code™ is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Forward-Looking Statements

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 such statements.

Contact Information

  • Investor Relations
    Jasmin-Dumais Financial Communications
    Marc Jasmin CMA, Partner
    514-231-2360
    marc@comjamais.com