DealNet Closes Debenture Offering
December 18 2013 - 10:03AM
Marketwired
DealNet Closes Debenture Offering
TORONTO, ONTARIO--(Marketwired - Dec 18, 2013) - DealNet Capital
Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to
announce that it has closed the final tranche of its non-brokered
offering of convertible unsecured debentures for aggregate gross
proceeds of $2,500,000. The financing was oversubscribed from the
Company's initial goal of raising $1,500,000 announced on November
14, 2012. Based on the high demand, the DealNet Board increased the
size of the offering, finally approving total aggregate gross
proceeds of up to $2,500,000.
"We are thrilled with the continued interest, support and
participation of our investors in this offering," stated Bob
Cariglia, President and CEO of DealNet Capital Corp. "The proceeds
of this offering will continue to support the huge strides we have
made in the Consumer Financing space as well as the strong demand
we are experiencing in the Business Process Outsourcing
segment."
DealNet Capital Corp. is a public company that trades under the
symbol DLS on the Canadian National Stock Exchange and under the
symbol GAIMF on the Pink Sheets of the Over the Counter Bulletin
Board. In general, the Company is a merchant banking company that
has a flexible investment mandate with a strategic focus on
recurring revenue businesses. The company has recently focused its
investments towards the thriving North American Business Process
Outsourcing (BPO) Market as well as the Consumer Financing Market
by leveraging its recently acquired BPO division. The Company
continues to look for acquisition opportunities in these key
markets in order to continue to drive competitive advantages and
growth.
ON BEHALF OF DEALNET CAPITAL CORP.
For additional information please visit www.sedar.com.
The Canadian National Stock Exchange does not accept
responsibility for the adequacy or accuracy of this
release.
Forward-looking
Statements
This press release contains certain forward-looking statements
with respect to the Corporation. These forward-looking statements,
by their nature, involve risks and uncertainties that could cause
actual results to differ materially from those contemplated. We
consider the assumptions on which these forward-looking statements
are based to be reasonable, but caution the reader that these
assumptions regarding future events, many of which are beyond our
control, may ultimately prove to be incorrect. These statements
involve risks and uncertainties including, without limitation,
DealNet's ability to successfully develop and market its products,
consumer acceptance of such products, competitive pressures
relating to price reductions, new product introductions by third
parties, technological innovations, and overall market conditions.
Consequently, actual events and results in future periods may
differ materially from those currently expected.
DealNet Capital Corp.Bob CarigliaPresident and CEODirect:
+1-416-806-8816bcariglia@dealnetcapital.com
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