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Peace Arch Entertainment closes US$33 million private placement

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CIBC World Markets, Clarus Securities and Paradigm Capital

On June 8, 2007, Peace Arch Entertainment Group Inc., an innovative film and television entertainment company, announced that it had closed its previously announced private placement of common shares for gross proceeds of $33 million. Westwind Partners Inc. acted as the lead agent in the offering with a syndicate that included CIBC World Markets, Clarus Securities Inc. and Paradigm Capital Inc. Certain proceeds from the offering may be used to purchase Trinity Home Entertainment, LLC, a leading DVD distributor located in Westlake Village, CA, as well as Dufferin Gate Productions Inc., Toronto's foremost provider of production services and facilities. The balance of the net proceeds will be allocated to reducing debt, general working capital purposes and in support of potential future acquisitions. The syndicate was advised in this transaction by Anil Aggarwal and Krisztian Toth of Fasken Martineau.



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