Listing: TSX Venture Exchange, symbol "LDR"
Issued & Outstanding Common Shares: 14,560,918
TORONTO, March 28 /CNW/ - Leader Capital Corp. (the "Company') is pleased
to announce the appointment of Mr. Jason Baun as its Chief Information
Officer. In his role as CIO, Mr. Baun will ensure the company's ongoing
requirements to comply with TSX related matters as it pertains to National
Instrument 51-102, Continuous Disclosure Obligations. In keeping with the
tightening requirements by the TSX, Mr. Baun will work closely with the
Executive Officers and the Board of the company to maintain its ongoing
obligations to comply with NI 51-102.
The company would like to keep its shareholders informed by disclosing
the following related party transaction. Leader Resources, a wholly owned
subsidiary of Leader Capital, on February 14, 2007, advanced Echo Power
Generation Inc. a loan in the amount of CDN $100,000. This loan bears an
interest rate of Prime +2 with a convertible feature at Leader Resources'
discretion into common equity of EPG. The use of proceeds will be for the
continued development of the EPG wind energy site located along the shores of
Lake Erie in southern Ontario. Under the Standard Offering Contract (SOC) EPG
anticipates being able to begin construction of phase one of its build out
plan early in Q3, 2007. Leader Capital is currently the beneficial owner of
3,867,160 shares of EPG.
The independent board of the Leader Capital has approved this related
LEADER CAPITAL CORP.
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.
Neither the TSX Venture Exchange nor any securities regulatory authority
has approved or disapproved of this news release.
For further information:
For further information: Magaly Bianchini at: Tel. (416) 304-1913