Digital Shelf Space Corp.
TSX VENTURE : DSS
OTCQX : DTSRF

Digital Shelf Space Corp.

November 29, 2013 21:15 ET

Digital Shelf Space Announces Closing of Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 29, 2013) - Digital Shelf Space Corp. (the "Company" or "DSS") (TSX VENTURE:DSS)(OTCQX:DTSRF) is pleased to announce that the Company has closed a non-brokered private placement (the "Offering") and issued 2,500,000 units (the "Units") at a price of $0.08 per unit for gross proceeds of $200,000. Each unit consists of one common share and one common share purchase warrant. Each whole purchase warrant entitles the holder to purchase one common share of the Company at the price of $0.10 per common share on or before the date occurring 36 months following the closing of the Offering (the "Offering Warrants").

The Company issued 131,250 Units, as well as 21,875 common share purchase warrants (the "Finders Warrants") and $3,500 as finder's fees in connection with the Offering. The Units and Finders Warrants issued as finder's fees have the same terms as the Units and Offering Warrants issued under the Offering.

In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of completion of the Offering.

The Offering and payment of finders' fees are subject to final regulatory approval.

Monies raised from this financing will be used toward marketing and advertising, working capital and general corporate purposes and transaction and related expenses.

About Digital Shelf Space Corp.

Digital Shelf Space is an independent creator, producer and distributor of home entertainment content targeted at the fitness and sports instruction market. Digital Shelf Space's overall content partnership strategy is to align itself with world-class, global brand partners. For more information visit www.digitalshelfspace.com and to view our current projects with Georges St-Pierre and the TOURAcademy®, visit www.gsprushfit.com and www.touracademydvds.com.

ON BEHALF OF THE BOARD

Jeffrey Sharpe, President & CEO

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about the private placement offering and the use of proceeds received from the closing of the private placement offering.

In connection with the forward-looking information contained in this news release, Digital Shelf Space has made numerous assumptions. While Digital Shelf Space considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Digital Shelf Space's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: Digital Shelf Space may not receive final regulatory approval for the private placement offering or the finders fees associated therewith; Digital Shelf Space may not use funds received from the closing of the private placement as currently contemplated; reliance on the health and marketability of celebrity fitness talent in productions owned by Digital Shelf Space; actual results from the use of celebrity fitness products may differ substantially from anticipated results; the substantial investment of capital required to produce and market video and entertainment productions, limitations imposed by our financing abilities, unpredictability of the commercial success of our programming, difficulties in integrating technological changes and other trends affecting the entertainment industry.

A more complete discussion of the risks and uncertainties facing Digital Shelf Space is disclosed in Digital Shelf Space's Filing Statement dated November 16, 2010 and continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Digital Shelf Space disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Contact Information

  • Digital Shelf Space Corp.
    Jeffrey Sharpe
    President and CEO
    604.736-7977
    604.736-7944 (FAX)
    jeff[at]digitalshelfspace.com
    www.digitalshelfspace.com