TORONTO, Feb. 1, 2023 /CNW/ - Seven Oaks Capital Corp. (TSXV: SEVN.P) (the Company" or "Seven Oaks") is pleased to announce that it has entered into a binding letter agreement dated January 29, 2023 (the "Definitive Agreement") with Rimon Hedge Funds Ltd. ("Rimon") and Michal Adlersberg, the controlling shareholder of Rimon, pursuant to which Seven Oaks has agreed to acquire all of the issued and outstanding common shares in the capital of Rimon (the "Rimon Shares") upon the terms and conditions set out in the Definitive Agreement (the "Proposed Transaction"). The Proposed Transaction is expected to constitute Seven Oaks' Qualifying Transaction as defined in Policy 2.4 of the TSX Venture Exchange (the "Exchange"). Following the completion of the Proposed Transaction, Seven Oaks (the "Resulting Issuer") will continue the business of Rimon, being investment fund management services provided as a general partner for current and future limited partnerships and for the investment of funds raised by the Company, including the development of varied investment strategies, and the provision of hedging or liquidity tools and support systems for trading (the "Business").
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