DHX Media announces increase of previously announced public offering to $17,730,000 of subscription receipts

DHX Media announces increase of previously announced public offering to $17,730,000 of subscription receipts

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HALIFAX, Sept. 12, 2012 /CNW/ - DHX Media Ltd. ("DHX" or the "Company")
(TSX ticker: DHX), a leading international producer and distributor of
children's television programming and interactive content, announced
today that it has amended the terms of its previously announced public
offering of subscription receipts of the Company (the "Subscription
Receipts").



The Company has reached an agreement with a syndicate of underwriters
led by Canaccord Genuity Corp. (the "Underwriters") to purchase, on a
bought deal basis, 11,820,000 Subscription Receipts of at a price of
$1.50 per Subscription Receipt (the "Offering"). In addition, DHX has
granted to the Underwriters an over allotment option exercisable at any
time up to 30 days after closing of the Offering to acquire up to an
additional 1,182,000 Subscription Receipts of the Company. In the event
that the over allotment option is exercised in full, the aggregate
gross proceeds of the Offering will be $19,503,000.



The net proceeds from the Offering (after deducting the underwriters'
fees and Offering expenses) will be used to reduce indebtedness
resulting from DHX's previously announced acquisition of the business
of Cookie Jar Entertainment Inc. (the "Acquisition") and for general
corporate and working capital purposes.


This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale would
be unlawful. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold in the United
States unless registered or an applicable exemption from the
registration requirements is available.

ABOUT DHX MEDIA LTD.


DHX Media (www.dhxmedia.com), together with its subsidiary, W!LDBRAIN Entertainment, is a leading
international family entertainment rights creation and management
company with three-award-winning production facilities, worldwide
distribution and a global consumer products business. DHX Media has
produced over 40 original television series, including world-recognized
series such as Franny's Feet, Animal Mechanicals, Kid vs. Kat, Angela
Anaconda and Martha Speaks, and maintains a library of over 2,550
half-hours of animation and live-action programming. The company's
global licensing group oversees a diverse merchandising portfolio for
proven properties, including the hit U.K. series Rastamouse, airing on
BBC. DHX Media has offices in Toronto, Halifax, Vancouver, Los Angeles
and London. DHX Media is listed on the TSX (Toronto Stock Exchange).


DISCLAIMER


This press release contains forward looking statements with respect to
DHX and the proposed acquisition of Cookie Jar, including statements
regarding the expected use of proceeds of the Offering and the expected
Offering closing dates. Although the Company believes that the
expectations reflected in such forward looking statements are
reasonable, such statements involve risks and uncertainties and are
based on information currently available to the Company. Actual results
may differ materially from those expressed or implied by such forward
looking statements. Factors that could cause actual results or events
to differ materially from current expectations, among other things,
include risks related to receipt of shareholder and regulatory
approvals and satisfaction of other conditions to closing the
Acquisition, and other factors discussed in materials filed with
applicable securities regulatory authorities from time to time
including matters discussed under "Risk Factors" in the Company's
Company's Annual Information Form for the year ended June 30, 2011 and
risks that will be discussed in the prospectus for the Offering. These
forward-looking statements are made as of the date hereof, and the
Company assumes no obligation to update or revise them to reflect new
events or circumstances, except as required by law.


SOURCE DHX MEDIA LTD.

DHX MEDIA LTD.

CONTACT: David A. Regan
EVP, Corporate Development & IR
DHX Media Ltd.
+1 902-423-0260


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