Dacha Capital inc.
TSX VENTURE : DAC

Dacha Capital inc.

September 24, 2009 11:49 ET

Dacha Capital Announces New President and CEO

MONTREAL, QUEBEC--(Marketwire - Sept. 24, 2009) - DACHA CAPITAL INC. (TSX VENTURE:DAC) ("DAC" or the "Company") is pleased to announce that the board of directors has appointed Mr G. Scott Moore as President and CEO of the Company effective November 1, 2009. The Board has also appointed Mr. Jean-Guy Lambert to the position of Vice-Chairman of the Board effective November 1st, 2009

Stan Bharti, Executive Chairman of Dacha stated; "I would like to thank Jean-Guy for his leadership with Dacha and look forward to his continuing participation in the company as Vice-Chairman of the Board."

Mr. Moore is an experienced business executive with over 20 years in the resource and durable goods sector. Currently, Mr. Moore is President and CEO of Franc-Or Resources Corporation (TSX:FOR) Mr. Moore holds a B.A. from the University of Toronto and an MBA from the Kellogg School of Management.

In addition, the Company announced that it has granted a total of 1,800,000 options to various officers, directors and consultants under the stock option plan of the Company. The options are exercisable at $0.72 per option and shall expire on September 23, 2014. The options shall vest pursuant to the Company's stock option plan, subject to the four month regulatory hold period. The grant of options remains subject to regulatory approval.

About Dacha

Dacha is a public company involved in the venture capital business. Its shares are listed on the TSX Venture Exchange under the symbol "DAC".

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 roles of Mr. Moore and Mr. Lambert and the anticipated impact of their appointments. 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 appointments 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.
    Jean-Guy Lambert
    President and CEO
    514-286-1660
    jglambert@dachacapital.ca
    or
    Dacha Capital Inc.
    Stan Bharti
    Executive Chairman
    416-861-5876