/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, June 6, 2011 /CNW/ - Pacific Orient Capital Inc. ("Pacific
Orient") (TSXV: AAQ.P) provides shareholders and members of the public
the following update on its non-brokered private placement previously
announced on April 21, 2011. Pacific Orient is still working on
completing the 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 and anticipates closing in the next 30 days.
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.