THE GOLDFARB CORPORATION - APPROXIMATE DISTRIBUTION AMOUNT ON PROPOSED GOING PRIVATE TRANSACTION

TORONTO, April 25 /CNW/ - The Goldfarb Corporation (NEX: GDF.H) (the "Corporation") announced on Thursday, April 21, 2011, its intention to seek shareholder approval for a going private transaction (the "Going Private Transaction") by way of a consolidation of the Class A subordinate voting shares in the capital of the Corporation ("Subordinate Voting Shares"). The Corporation has determined that each holder of Subordinate Voting Shares who holds less than one whole post-consolidation Subordinate Voting Share will receive a cash payment of approximately $3.01 per pre-consolidation Subordinate Voting Share, inclusive of the $0.10 per share premium and subject to the final determination of the net cash. Shareholders will vote on the Going Private Transaction at a special meeting to be held on Thursday, June 9, 2011 (the "Meeting").

Additional details are set forth in the management information circular of the Corporation to be sent to shareholders in connection with the Meeting.

Forward-looking Statements

Certain statements included in this release contain words such as "could", "expects", "expectations", "may", "anticipates", "believes", "intends", "estimates" and "plans" (and similar expressions) and constitute "forward-looking statements" within the meaning of applicable securities law. These statements are based on the Corporation's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the Corporation and its subsidiaries operate.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which are difficult to predict and may cause the actual results, performance or achievements of the Corporation, or outcomes or results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, such factors which are described in the Corporation's management's discussion and analysis of operations and other filings with Canadian regulatory authorities. These statements, although considered reasonable by the Corporation at the date of this press release, may prove to be inaccurate and consequently the Corporation's actual results could differ materially from its expectations as set out or implied in this release. Unless otherwise required by applicable securities laws, The Corporation disclaims any intention or obligation to update or revise any forward-looking statements.

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.

The Goldfarb Corporation trades on the NEX Board of the TSX Venture Exchange under the symbol GDF.H.

SOURCE Goldfarb Corporation

For further information:

Ms. Karen Killeen, Chief Financial Officer of the Corporation at 416-928-3710

Profil de l'entreprise

Goldfarb Corporation

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