/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES/
TORONTO, June 30,
2023 /CNW/ - Seven Oaks Capital Corp. (the
"Corporation") (TSXV: SEVN.P) announces that it has closed
the previously announced non-brokered private placement of
1,576,560 common shares of the corporation at a price of
$0.10 per share for gross proceeds of
$157,656. All shares issued are
subject to a 4 month hold from the date of their issuance. The
private placement was previously announced by the Corporation on
June 20, 2023.
In connection with the private placement, the Corporation paid
aggregate finder's fees of approximately $1,253. The Corporation intends to use the net
proceeds to cover the costs associated with locating a target for a
qualifying transaction and for working capital purposes.
About Seven Oaks Capital
Corp.
Seven Oaks is a capital pool company created pursuant to the
policies of the Exchange. It does not own any assets, other than
cash or cash equivalents. The principal business of Seven Oaks is
to identify and evaluate opportunities for the acquisition of an
interest in assets or businesses and, once identified and
evaluated, to negotiate an acquisition or participation subject to
acceptance by the Exchange so as to complete a Qualifying
Transaction in accordance with the policies of the Exchange.
Forward-Looking
Statements
Investors are cautioned that trading in the securities of a
capital pool company should be considered highly speculative.
Certain statements in this news release constitute "forward-looking
information" and "forward-looking statements" under applicable
securities legislation, including with respect to the use of
proceeds of the private placement and the ability to locate a
qualifying transaction. All information contained herein that is
not historical in nature may constitute forward-looking
information. Forward-looking information is based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied herein. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers of this news
release should not place undue reliance on forward-looking
information. The Corporation disclaims any intention or obligation
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by law.
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Seven Oaks Capital Corp
