Dacha Capital inc.
TSX VENTURE : DAC

Dacha Capital inc.

December 01, 2009 17:16 ET

Dacha Capital Announces New Addition to the Board Files Quarterly Financials

MONTREAL, QUEBEC--(Marketwire - Dec. 1, 2009) - DACHA CAPITAL INC. (TSX VENTURE:DAC) ("DAC" or the "Company") is pleased to announce that the board of directors has appointed Mr Alastair Neill, Executive Vice President of the Company and a Director effective immediately.

Mr. Alastair Neill, P.Eng, MBA is the former VP/GM, Rare Earth Division and VP Business Development for AMR (now Neo-Material Technologies) and a leading expert in rare earth elements. Alastair brings over 15 years of direct Rare Earth experience with downstream end-users in Korea, Japan, Europe and North America and with suppliers in China. He holds a Master of Business Administration from York University and a Bachelor of Engineering in Material Science from the University of Western Ontario.

Scott Moore, President and C.E.O. of Dacha stated: "We are pleased that Alastair has joined Dacha. His extensive experience in Rare Earth Elements is critical to our business model as we look to capitalize on investments in this growing category".

Dacha is also pleased to report it has filed its interim financials and accompanying management's discussion and analysis for the six months ending September 30, 2009 on SEDAR.

About Dacha

Dacha is an investment holding company. Its shares are listed on the TSX Venture Exchange under the symbol "DAC".

The primary investment objective of the Corporation is to achieve capital appreciation by making opportunistic, special situation investments as deemed attractive by the Board of Directors from time to time across various sectors. Presently, the Board of Directors believes there are dominant, long term global trends that are creating opportunities for capital appreciation through investments in the resource sector. To this end, the Corporation may look to make investments in public or private companies that explore for, mine and/or process minerals that are considered undervalued or strategic to global growth and by investing in, holding, selling and otherwise transacting in physical amounts of such minerals. The Corporation's investment strategy may include investments in physical, undervalued, or strategic commodities, certain of which are currently unavailable to investors.

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 role of Mr. Neill and the anticipated impact of his appointment. 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) 861-5876