International Datacasting Corporation Announces Closing of Private Placement - Seite 2

Prior to the completion of the Private Placement, the "related parties" of IDC owned an aggregate of 2.7% of IDC's 58,506,290 then issued and outstanding Common Shares (not including Common Shares issuable on the exercise of outstanding options or in settlement of restricted share units). Taking into account the Common Shares issued pursuant to Private Placement, the "related parties" own an aggregate of 7.7% of the Corporation's issued and outstanding Common Shares. In addition, an aggregate of 3,244,570 Common Shares have been issued to insiders of the Corporation pursuant to the Private Placement which amounts to approximately 5.5% of the Corporation's issued and outstanding Shares prior to the completion of the Private Placement.

Mr. Doug Lowther, International Datacasting Corporation's President and CEO, said "We are pleased to confirm the successful closing of the placement that we announced earlier this month. These funds are expected to provide additional flexibility to secure potential large orders in the second half of Fiscal 2015, while minimizing dilution to existing shareholders which would result from a larger equity offering."

A material change report with respect to the Private Placement has been filed under the Corporation's profile on SEDAR at www.sedar.com. A material change report was not filed prior to the date of the closing of the Private Placement as it was not practicable to do so given the timing of the application to the TSX for approval of the Private Placement and the date of the conditional approval of the TSX for the Private Placement. All material information with respect to the Private Placement was previously disclosed in the press release of IDC dated July 17, 2014, which was the date that the TSX conditional approved the Private Placement.

About International Datacasting Corporation:

International Datacasting Corporation (TSX:IDC) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television, data and digital cinema. IDC's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. For more information visit: www.datacast.com.