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Special Venue Media: IMAX Corporation Closes 9.8 Million Common Share Offering

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IMAX Corporation (NASDAQ:IMAX; TSX:IMX) announced the closing of its previously announced public offering of 9, 800, 000 of its common shares at $7.15 per share. Gross proceeds from the offering were $70.1 million. IMAX has granted the underwriter an option to purchase up to an additional 1, 470, 000 shares of common stock at the public offering price, less the underwriting commission, within 30 days following pricing.

IMAX intends to use the net proceeds from the offering for the repayment of debt, including a portion of its 9 5/8% Senior Notes due December 2010, and for general corporate purposes.

Roth Capital Partners, LLC acted as the underwriter for the offering.

The common stock was offered pursuant to an effective registration statement filed with the Securities and Exchange Commission. Offers and sales of the common stock will be made only by the related prospectus and prospectus supplement. Copies of the prospectus and prospectus supplement relating to this offering may be obtained, when available, from Roth Capital Partners by e-mail to rothecm@roth.com, by fax to (949) 720-7227 or by mail to 24 Corporate Plaza Drive, Newport Beach, CA, 92660, Attention: Equity Capital Markets.

About IMAX Corporation

IMAX Corporation is one of the world’s leading entertainment technology companies, specializing in immersive motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX(R) theatres delivering the world’s best movie presentations using proprietary IMAX, IMAX(R) 3D, and IMAX DMR(R), technology. IMAX DMR is the Company’s groundbreaking digital re-mastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience(R). The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of March 31, 2009, there were 371 IMAX theatres (250 commercial, 121 institutional) operating in 43 countries.

IMAX(R), IMAX(R) 3D, IMAX(R) DMR, The IMAX 3D Experience(R) and The IMAX Experience(R) are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.tinyurl.com/facebookimax), Twitter (www.twitter.com/imaxnews) and YouTube (www.youtube.com/imaxmovies).

See also:
Night at the Museum: Battle of the Smithsonian: The IMAX Experience posts strong opening weekend results 
IMAX Corporation reports fourth quarter 2008 financial results
IMAX Corporation Reports Fourth Quarter and Fiscal 2007 Financial Results

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