DealNet Announces Secured Subordinated Debenture Offering

TORONTO, ONTARIO–(Marketwired – July 18, 2014) – DealNet Capital Corp. (the “Company” or “DealNet”) (CSE:DLS)(PINKSHEETS:GAIMF) is pleased to announce a proposed non-brokered offering of secured subordinated debentures (the “Debentures”) for aggregate gross proceeds of up to $1,500,000. The Debentures will mature on the date that is six (6) months from the date of issuance and bear interest at a rate of 15% per annum, which shall accrue and be paid on the maturity date. In addition, a 3% establishment fee will be paid to the holders of the Debentures and be due on the maturity date. The Company will also issue 700 common share purchase warrants to the holders for every $1,000 worth of Debentures so subscribed for (the “Warrants”). Each Warrant will entitle the holder to purchase one common share of the Company at $0.30 over a period of twenty four (24) months from the date of the Debenture issuance.

The Debentures will be indirect secured obligations of the Company ranking subordinate to all liabilities except liabilities, which by their terms rank in right of payment equally with or subordinate to the Debentures. The Debentures will rank pari passu with all subordinate indebtedness issued by the Company from time to time, to the extent subordinated on the same terms.

The proceeds of the offering will be used to implement management’s business plan, which includes acquisitions, business development, corporate marketing initiatives, project specific infrastructure and general working capital purposes. The Company will pay a finder’s fee equal to 2% in cash and 2% in warrants of the gross amount invested by accredited investors introduced to the Company by registered dealers.

On July 2, 2014, the Company closed $300,000 of the non-brokered offering of short-term unsecured debentures announced on April 10, 2014. The debentures were issued under the same terms as initially reported.

About DealNet Capital Corp.

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian Securities Exchange. DealNet is a merchant banking company with a flexible investment mandate and a strategic focus on recurring revenue businesses. The Company has focused its investments towards the thriving North American business process outsourcing (“BPO”) market through its wholly-owned subsidiary, OC Communications Group Inc. (“OCCGI”), as well as the consumer financing market through its wholly-owned subsidiary, One Dealer Inc. (“One Dealer”).

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.

First Canadian Capital Corp
416-742-5600 or 1-866-580-8891
Eric Balog (ext 235) or Dan Boase (ext 232)
info@firstcanadiancapital.com