Seven Oaks Capital Considering C$200,000 Private Placement

By Robb M. Stewart

Seven Oaks Capital said Tuesday it is considering raising as much as 200,000 Canadian dollars ($151,380) to help cover costs associated with locating a deal target.
The capital pool company, which owns cash or cash equivalents but no other assets, said it is contemplating a non-brokered private placement of up to 2 million of its shares at C$0.10 each.

Seven Oak’s shares last closed at C$0.10, down 9.1% so far this year.
It expects the private placement, which is subject to acceptance of the TSX Venture Exchange, to close by the end of June.
Write to Robb M. Stewart at [email protected]