Dacha Capital inc.
TSX VENTURE : DAC
OTCQX : DCHAF

Dacha Capital inc.

May 04, 2010 07:30 ET

Dacha Capital Admitted to Minor Metals Trade Association

- Announces Changes to Board of Directors

TORONTO, ONTARIO--(Marketwire - May 4, 2010) - Dacha Capital Inc. ("Dacha" or the "Company") (TSX VENTURE:DAC)(OTCQX:DCHAF) is pleased to announce that it been admitted as a member of the Minor Metals Trade Association ("MMTA"), based in London, UKDacha is currently acquiring a physical inventory of strategic metals including Rare Earth Elements and its inclusion in the MMTA is an indication that Dacha is a significant new entrant in the sector.

The MMTA is the world's largest association involved with Minor Metals. From just 19 founding members, the MMTA is now comprised of 120 companies from 30 countries trading in metals with a collective annual worth of in excess of USD 10 billion. These metals are as diverse as Zirconium, Hafnium, Strontium and Rhenium – as well as all the traditional by-product metals such as Molybdenum, Tungsten or Indium.

Dacha is also pleased to announce the appointment of George Faught to the Board of Directors of Dacha effective May 1, 2010. Mr. Faught is a chartered accountant with over 25 years of senior management experience.  Currently he is the CEO of Aberdeen International Inc. and has served as the Chief Financial Officer of publicly traded companies in the natural resources including North American Palladium Ltd., a mid-tier platinum group metal producer. Prior to that, he served as Chief Financial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer, and William Resources Inc., an international gold producer. Mr. Faught also serves as a director of several public companies in the resource sector.

Mr Rene Bharti has resigned from the Board to pursue other interests and the board would like to thank Rene for his work on behalf of Dacha.

About Dacha

Dacha is an investment company focused on the purchase, storage and trading of certain strategic metals. Its shares are listed on the TSX Venture Exchange under the symbol "DAC" and on the OTCQX exchange under the symbol "DCHAF".

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect of the MMTA inclusion and appointment on the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

Contact Information

  • Dacha Capital Inc.
    Scott Moore
    President and CEO
    (416) 861-5903
    smoore@dachacapital.com
    or
    Dacha Capital Inc.
    Stan Bharti
    Executive Chairman
    (416) 861-5903