SEVEN OAKS CAPITAL CORP. PROPOSES NON-BROKERED PRIVATE PLACEMENT

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TORONTO, June 20, 2023 /CNW/ - Seven Oaks Capital Corp. (the "Corporation") (TSXV: SEVN.P) announces that it is contemplating a non-brokered private placement of up to 2,000,000 shares at a price of $0.10 per share for total proceeds up to $200,000. The proceeds of the private placement will be used for costs associated with locating a target for a qualifying transaction and for working capital purposes. The Corporation expects the private placement to close by the end of June, 2023.

The private placement is subject to the final acceptance of the TSX Venture Exchange (the "Exchange"). All shares issued are subject to a 4 month hold from the date of their issuance.

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.

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 closing of the private placement. 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