/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
TORONTO, April 21 /CNW/ - Pacific Orient Capital Inc. ("Pacific Orient") (TSXV:AAQ.P) announced today, that it intends to complete a
non-brokered private placement financing pursuant to which it proposes
to raise gross proceeds of up to $200,000 through the issuance of
common shares in the capital of Pacific Orient at a price of $0.20 per
share. All securities issued pursuant to the financing will be subject
to a four-month hold period.
Finders' fees may be payable to eligible persons with respect to the
financing and will be subject to regulatory approval. The net proceeds
will be used by Pacific Orient for identification of a "qualifying
transaction" and for working capital pursuant to the rules of the TSX
Venture Exchange (the "Exchange") governing "capital pool companies".
About Pacific Orient Capital Inc.
Pacific Orient Capital Inc., a capital pool company within the meaning
of the policies of the Exchange, was incorporated October 19, 2009 and
was listed on the Exchange on March 25, 2010. Pacific Orient does not
have any operations and has no assets other than cash. Pacific Orient's
business is to identify and evaluate businesses and assets with a view
to completing a qualifying transaction under the policies of the
The information in this news release includes certain information and
statements about management's view of future events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results,
expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking
statements. Although Pacific Orient believes that the expectations reflected in forward looking statements
are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be
correct. Except as required by law, Pacific Orient disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results, whether as a result of new information, future
events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release does not constitute and the subject matter hereof is
not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term
is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or
other securities of Pacific Orient. The securities of Pacific Orient have not been registered under the 1933 Act
and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or
an applicable exemption from the registration requirements of the 1933 Act.
SOURCE Pacific Orient Capital Inc.
For further information:
Chief Executive Officer
Pacific Orient Capital Inc.