TORONTO, ONTARIO--(Marketwired - April 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.
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.