IND DAIRYTECH LIMITED RECEIVES NOTICE OF AUTOMATIC SHARE PURCHASE PLAN BY SAIF PARTNERS III L.P.

VANCOUVER, April 1 /CNW/ - IND DairyTech Limited ("IND" or "the Company") (TSXV:IND) announces that it has been notified by SAIF Partners III L.P. ("SAIF"), holder of 36,271,800 Series A Preferred Shares of the Company, that SAIF has entered into an automatic share purchase plan with its broker to acquire common shares of the Company on the market through the Company's year-end blackout period.

About IND DairyTech Limited

IND, through its operating subsidiaries, is an emerging raw milk and Holsteins producer in China that is seeking to become a leading provider of high quality raw milk and Holsteins to the Chinese dairy industry. To meet China's increasing demand for dairy products, the Company is using Canadian cattle genetics and North American farming practices to establish and develop its dairy herd in China.

The Company plans to develop its herd in China through the use of advanced breeding techniques employing Canadian Holstein embryos that it intends to use to impregnate surrogate cows. These embryos have been created through in vitro fertilization using sexed semen to achieve an approximate 90% female birth rate. The use of these advanced breeding techniques is expected to allow the Company to rapidly expand its herd. The use of Canadian Holstein embryos also provides a practical solution to China's ban on the import of live Canadian cattle.

   

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

Certain information set out in this News Release constitutes forward-looking information, which may include information relating to estimates of sales and revenue of IND. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of the Company as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. In light of the risks  and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although the Company believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of the Company contained in this press release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement.

 

SOURCE Ind Dairytech Limited

For further information:

Jesse Zhu
Chief Executive Officer
IND DairyTech Limited
604-522-1619
    Selen Zhou
Corporate Secretary
IND DairyTech Limited
604-522-1619

 

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Ind Dairytech Limited

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