DealNet Capital Corp. Announces Debenture Offering
April 10 2014 - 1:45PM
Marketwired
DealNet Capital Corp. Announces Debenture Offering
TORONTO, ONTARIO--(Marketwired - Apr 10, 2014) - DealNet Capital
Corp. (the "Company" or "DealNet") (CSE:DLS)(PINKSHEETS:GAIMF) is
pleased to announce a proposed non-brokered offering of short-term
unsecured debentures (the "Debentures") for aggregate gross
proceeds of up to $1,000,000. The Debentures will mature on the
date that is six (6) months from the date of issuance and bear
interest at a rate of 12% per annum, which shall be accrued and
paid on the maturity date. The Company will also issue a full
warrant (a "Warrant") to the lenders for every dollar borrowed.
Each Warrant will entitle the lender to purchase one common share
of the Company at $0.29 over a period of twenty four (24) months
from the date of the Debenture issuance.
The proceeds of the Offering will be used to implement
management's business plan, which includes closing the current
Mobile Target acquisition and other growth related initiatives.
About DealNet Capital Corp.
DealNet Capital Corp. is a public company that trades under the
symbol DLS on the Canadian Securities Exchange, formerly the
Canadian National Stock Exchange. DealNet is a merchant banking
company with a flexible investment mandate and 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. DealNet 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 Securities 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 Capital'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
CEO+1-416-806-8816bcariglia@dealnetcapital.com
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