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TORONTO, ONTARIO--(Marketwired - Nov. 25, 2014) - DealNet Capital Corp. ("DealNet" or the "Company") (CSE:DLS) is pleased to announce it has arranged a non-brokered private placement financing for minimum gross proceeds of $2.5 million up to $5.0 million (the "Offering"). The Company will issue up to 26,315,790 units (each, a "Unit") at a price of $0.19 per Unit, consisting of one common share (each, a "Common Share") of the Company and one common share purchase warrant (each, a "Warrant") of the Company. Each Warrant will allow the purchaser to acquire one additional common share of the Company at a price of $0.30 for a period of 18 months from the date of closing of the Offering. The proceeds from the Offering will be used for capital to fund future growth, to repay debt incurred for a recent acquisition, working capital and general and administrative purposes. |
