Dacha Capital inc.

Dacha Capital inc.

April 16, 2009 16:00 ET

Dacha Capital Announces Private Placement Financing of Up to $6 Million


Dacha Capital Inc. (TSX VENTURE:DAC) (the "Corporation") announces that the Corporation has entered into an engagement letter with Delano Capital Corp. ("Delano") regarding a "best efforts" private placement financing of units ("Units") of the Corporation for gross proceeds of up to $6 million, based upon the issue of 18,181,818 Units at a price of $0.33 per Unit (the "Offering Price"). Each Unit is to be comprised of one common share of the Corporation and one share purchase warrant of the Corporation (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share of the Corporation at a price of $0.42 at any time prior to the date that is 36 months from the date of issue after which time the exercise price of the warrant shall increase to $0.50 until the expiration of the Warrant, which is 60 months from the date of issue. The Corporation intends to use the net proceeds of the financing to fund the Company's operations and investment activities and for working capital purposes.

Closing of the offering is anticipated to occur on or about April 30, 2009 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

The common shares will be subject to resale restrictions for a period of four months plus one day from the Closing Date. The Corporation has agreed to pay Delano a commission equal to 5% of the gross proceeds raised by Delano and issue compensation options that shall entitle Delano to acquire that number of Units of the Corporation equal to 5% of the number of Units issued at the Offering Price for a period of twenty four months from the Closing Date.

About Dacha

Dacha is a Quebec based public company involved in the venture capital business. Its common shares have been listed on the TSX Venture Exchange under the symbol "DAC" since October 2002.

Cautionary Notes

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the future financial or operating performance of 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". 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 the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current operations and investment activities; acquisition risks; and other risks of the venture capital industry. Although the Company 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 information 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. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither 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.

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