DealNet Capital Corp.

CNSX : DLS
PINKSHEETS : GAIMF


DealNet Capital Corp.

November 14, 2012 12:12 ET

DealNet Capital Announces Debenture Offering

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2012) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to announce a proposed non-brokered offering of convertible unsecured debentures ("Debentures") for aggregate gross proceeds of up to $1,500,000. The Debentures will mature on the date that is three (3) years from the date of issuance (if not otherwise converted) and bear interest at a rate of 12% per annum, which shall be paid quarterly in arrears. The Debentures shall be convertible into common shares of the Company ("Common Shares") at a conversion rate of $0.20 per share at any time prior to the earlier of the maturity date or the redemption date. The Company will have the right to redeem the Debentures, in whole or in part, from time to time, on not more than 60 days and not less than 15 days prior written notice at a redemption price equal to 100% of their principal amount plus any accrued and unpaid interest.

The proceeds of the Offering will be used to implement management's business plan, which includes business development, corporate marketing initiatives, project specific infrastructure and general working capital purposes. It is anticipated that the Debentures and Common Shares issuable upon conversion of the Debentures will be subject to a four-month hold period from the date of closing. The Company will pay a finder's fee equal to 5% in cash of the gross amount invested by accredited investors introduced to the Company by registered dealers.

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.

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.

The Canadian National Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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