Leader Capital Corp.

August 22, 2005 09:01 ET

Leader Capital Corp. Enters Wind Farm Agreement

TORONTO, ONTARIO--(CCNMatthews - Aug. 22, 2005) - Leader Capital Corp. (TSX VENTURE:LDR) (the "Company') is pleased to announce that it has, through its subsidiary Leader Wind Corp., entered into a Share Purchase Agreement with Enbridge Inc. This agreement will enable Leader Wind Corp. and Enbridge to jointly submit Leader Wind Corp.'s 200 MW wind power project in response to the Ontario Government's Request for Proposals (RFP) for renewable energy announced April 19, 2005. Enbridge is amongst its many activities, an owner operator of wind farms in Western Canada.

If successfully awarded a Renewable Energy Supply II Contract under the Ontario Ministry of Energy Request for Proposals for up to 1000 MW of renewable energy to be announced in November 2005, Enbridge Inc. will acquire full ownership of Leader Wind Corp. in accordance with the terms of the RFP and the RES II Contract. Enbridge will finance, construct, own and operate the project. The Leader team will continue to provide assistance and support their new partner in the project.

Enbridge Inc. is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs more than 4,000 people, primarily in Canada, the U.S. and South America. Enbridge's common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the U.S. under the symbol ENB. Information about Enbridge is available on the Company's web site at www.enbridge.com.



Magaly Bianchini, President

Statements in this news release that are not historical facts, including statements about plans and expectations regarding properties, reserves, transactions and opportunities, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing gas and commodity prices and currency exchange rates, demand for gas, lack of success of future exploration and development, competition and other factors discussed from time to time in the company's filings with the Ontario Securities Commission.

Issued & Outstanding Common Shares: 13,736,801

Neither the TSX Venture Exchange nor any securities regulatory authority has approved or disapproved of this news release.

Contact Information

  • Leader Capital Corp.
    Magaly Bianchini
    (416) 304-1913