Goldbard Capital Corporation announces the closing of its initial public offering



    TORONTO, Nov. 2 /CNW/ - Goldbard Capital Corporation (GDB.P:TSX-V) is
pleased to announce that is has successfully completed its initial public
offering of 7,500,000 common shares (the "Shares") at $0.20 per Share for
gross proceeds of $1,500,000 (the "Offering") pursuant to a prospectus dated
October 25, 2007. Jennings Capital Inc. acted as agent for the Offering and
was paid an administrative fee of $10,000 plus GST, a cash commission of
$150,000 and an option to purchase up to 750,000 Shares in the capital of the
Corporation at a price of $0.20 per Share exercisable for a period ending 24
months from the date of listing of the Shares on the TSX Venture Exchange (the
"Exchange"). The Corporation's Shares are expected to begin trading on the
Exchange on or about November 6, 2007.
    The Corporation has granted an aggregate of 1,249,998 stock options to
its directors and officers pursuant to its Stock Option Plan. The options have
an exercise price of $0.20 per Share and an expiry date of October 26, 2012.
In addition to the common shares of the Corporation issued prior to the
Offering (the "Seed Shares") that have been deposited with Computershare
Investor Services Inc. ("Computershare") under an escrow agreement dated
August 30, 2007 (the "Escrow Agreement"), which Seed Shares are subject to
release from escrow pursuant to the terms of the Escrow Agreement, all Shares
acquired on the exercise of stock options prior to the completion of a
Qualifying Transaction will be deposited in escrow with Computershare and will
be subject to escrow until a Final Exchange Bulletin is issued.

    About Goldbard Capital Corporation

    Goldbard Capital Corporation is a capital pool company ("CPC") within the
meaning of the policies of the Exchange. The Corporation has not commenced
operations and has no assets other than cash. Goldbard Capital Corporation
proposes to identify and evaluate businesses and assets with a view to
completing a "Qualifying Transaction" under the Exchange's CPC policies. The
funds raised under the initial public offering will be used to pursue Goldbard
Capital Corporation's Qualifying Transaction. The directors and officers of
the Corporation are Andrew Day (CEO), Jeffrey Mandel (CFO), Steven Berger,
Jesse Kaplan, Mazen Haddad and Hank Cohn.





For further information:

For further information: Jesse Kaplan, Vice President & Secretary,
Telephone: (646) 218-1400, Fax: (646) 218-1401, Email:
jkaplan@harborviewcm.com

Organization Profile

GOLDBARD CAPITAL CORPORATION

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