D-BOX Technologies Inc.
TSX : DBO

D-BOX Technologies Inc.

December 18, 2015 08:22 ET

D-BOX Technologies Announces Closing of $5 Million Private Placement

LONGUEUIL, QUÉBEC--(Marketwired - Dec. 18, 2015) -

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D-BOX Technologies Inc. (TSX:DBO), a leader in innovative motion technology, announced today that it has completed a non-brokered private placement with Gold-Finance (Canada) Asset Management Limited by issuing 11,111,111 units at a price of $0.45 per unit, for gross proceeds to D-BOX of $5.0 million. Each of the units is comprised of one Class A common share and three-quarters of a Class A share purchase warrant. Each full warrant will entitle its holder to acquire one additional Class A common share of D-BOX at a price of $0.60 until June 18, 2017. D-BOX will use the proceeds from the private placement for general corporate and working capital purposes.

"We are very pleased that Gold Finance has joined the ranks of D-BOX investors," said Claude Mc Master, President and Chief Executive Officer of D-BOX Technologies. "Over-and above this strategic investment, we are very proud to welcome our first high-profile Chinese investor to support the deployment of our motion technology. This investment is designed to enable us to accelerate our growth and strengthen our presence in new markets. China is the world's fastest growing market for entertainment and considering the inroads we have achieved so far we believe the time is right to accelerate our business development efforts. Gold Finance's business network and extensive knowledge of the Chinese market will be a major asset for D-BOX to expand aggressively in this growing market," Mr. Mc Master added.

Under applicable securities legislation and the policies of the Toronto Stock Exchange, the securities issued in the private placement are subject to a four-month hold period, expiring on April 19, 2016.

ABOUT GOLD FINANCE

The Gold Finance Group was founded in 2008 as an investment holding group, with its main activity in the financial industry. It is the first Chinese wealth management organization to obtain licenses for Private Fund Manager Qualification, Wealth Management and Fund Sales Qualification in China at the same time.

By the end of June 2015, Gold Finance Group had already set up 50 branches, nationally and internationally, providing tens of thousands of high net-worth individuals and professionals with a large number of comprehensive financial services. Gold Finance has built close and stable mutual cooperation relationships with China's top financial investment institutions, economic-advanced regional governments and wealthy families.

In addition, Gold Finance has earned a reputation in the past few years in China's movie industry as an investor and producer. Gold Finance has established solid relationships with theatres and top movie stars. Gold Finance's resources in the movie industry put it in a unique position to develop both home-theater and commercial-theater business for D-BOX. Gold Finance has also established an office in Canada to further its international strategy in the entertainment and other sectors.

ABOUT D-BOX

D-BOX Technologies Inc. designs, manufactures and commercializes cutting-edge motion systems intended for the entertainment and industrial markets. This unique and patented technology uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into either a platform, a seat or any other product. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unparalleled realistic immersive experience. D-BOX®, D-BOX Motion Code®, LIVE THE ACTION®, MOTION ARCHITECTS® and MOVE THE WORLD® are trademarks 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 dated June 18, 2015. 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

  • Luc Audet
    Vice-President and Chief Financial Officer
    D-BOX Technologies Inc.
    450-442-3003 ext. 296
    laudet@d-box.com

    Investor Relations
    Marc Jasmin CPA, CMA, President
    PMJ Communications
    514-231-2360
    marc@pmjcommunications.com