Ether Capital Corp (DTSRF)

[DalaiTom]

Digital Shelf Space Announces Closing of Over-Subscribed $1,500,000 Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwire -03/06/12)- Digital Shelf Space Corp. (the "Company" or "Digital Shelf Space") (TSX-V: DSS.V – News)(OTCQX: DTSRF.PK – News) is pleased to announce that the Company has completed its previously announced CDN$1,500,000 brokered private placement financing (the "Offering") through Fin-XO Securities Inc. ("Fin-XO"). The Offering was over subscribed for gross proceeds of CDN$1,562,325.

The Offering consisted of units of the Company at a price of $0.15 per unit. Each unit consists of one common share and one half common share purchase warrant. Each whole purchase warrant entitles the holder to purchase one common share of the Company at the price of $0.25 per common share on or before the date occurring 18 months following the closing of the Offering (the "Offering Warrants"). In the event the Company's common shares trade above $0.35 for ten (10) consecutive trading days, the Offering Warrants, if unexercised, will expire 30 days thereafter.

In connection with the Offering, the Company has paid a cash commission to Fin-XO equal to 7% of the gross proceeds raised pursuant to the Offering (excluding proceeds from the sale of units purchased by insiders and affiliates of the Company). The Company has also paid Fin- XO a corporate finance fee of CDN$15,000, and has reimbursed Fin-XO's reasonable expenses. Additionally, the Company has issued Fin-XO 708,085 broker warrants (the "Broker Warrants") for the purchase of common shares in the Company. The Broker Warrants have an exercise price of $0.15 per common share and expire 18 months following the closing of the Offering. In the event the Company's common shares trade above $0.35 for ten (10) consecutive trading days, the Broker Warrants, if unexercised, will expire 30 days thereafter.

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 the closing of the Offering.

Funds raised from this financing will be used toward marketing and advertising, content development and new projects, transaction and related expenses, and working capital and general corporate purposes.

The Offering is subject to final approval of the TSX Venture Exchange.

Digital Shelf Space Announces Closing of Over-Subscribed $1,500,000 Brokered Private Placement