Digital Shelf Space Announces Closing of Non-Brokered Private Placement Financing
30 Novembre 2013 - 3:15AM
Marketwired
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.
Digital Shelf Space Corp.Jeffrey SharpePresident and
CEO604.736-7977604.736-7944jeff[at]digitalshelfspace.comwww.digitalshelfspace.com
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