POCML 7 Inc. Completes Initial Public Offering

POCML 7 Inc. Completes Initial Public Offering

Toronto, Ontario, November 16, 2022 – POCML 7 Inc. (TSXV: POC.P) (the “Company”) is pleased

to announce that it has completed an initial public offering (the “Offering”) in British Columbia, Alberta

and Ontario of 2,500,000 common shares ( “Common Shares”) in the capital of the Compan y at a price

of $0.10 per common share for gross proceeds of $250,000. Following the closing of the Offering, a total

of 11,000,000 Common Shares are issued and outstanding, of w hich, 8,500,000 are currently held in

escrow pursuant to the policies of the TSX Venture Exchange (the “TSXV”).

The net proceeds of the Offering, together with the proceeds from prior sales of Common Shares will be

used by the Company to identify and eval uate assets or bus inesses for acquisition with a view to

completing a “Qualifying Transaction” under the capital pool company program of the TSXV.

iA Private Wealth Inc. (the “Agent”) acted as agent for the Offering. In connection with the Offering, the

Company granted to the Agent options to acquire up to an aggregate of 175,000 Common Shares at a

price of $0.10 per Common Share for a period of 24 months from the date the Common Shares are listed

on the TSX V. In connection with the Offering, the Agent al so rec eived a commission of $ 17,500,

representing 7% of the aggregate gross proceeds of the Offering.

At the closing of the Offering, the Company also granted stock options (the “ Options”) to directors and

officers of the Company to acquire up to an aggre gate of 1,100,000 Common Shares. The Options may

be exercised any time prior to November 16, 2027 at a price of $0.10 per Common Share.

The current directors and officers of the Company are Pasquale (Pat) DiCapo , David D ’Onofrio and

Adam Parsons.

The Co mmon Shares will commence trad ing on the TSX V under the stock symbol “ POC.P” starting

today.

For further informa tion, please see the prospectus of the Company da ted November 7, 2022 filed on

SEDAR or contact:

David D’Onofrio, Director at (416) 643-3880 or [email protected]

The securities described herein have not been registered under the U.S. Securities Act of 1933, as

amended, and may not be offered or sold in the United States unless re gistered under the Act or unless an

exemption from registration is available. Neither the 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.

Forward-looking Statements

This release includes certain s tatements that may be deemed to be “ forward-looking statements”. All

statements in this release, other than statements of historical fact, that address events or developments that

management of t he Company expect, are forward -looking st atements. Actual results or developments

may differ materially from those in forward-looking statements. The Company disclaims any intention or

obligation to update or revise any for ward-looking statements, whethe r as a result of new in formation,

future events or otherwise, save and except as may be required by applicable securities laws.