TORONTO, June 18 /CNW/ - Libra Advisors, LLC ("Libra"), announced today
that it has acquired 2,501,551 Units of Dacha Capital Inc. ("DAC") at a price
of $0.33 per Unit in connection with DAC's private placement. Each Unit
consists of one common share and one common share purchase warrant. Each
warrant entitles the holder to acquire one common share, at a price of $0.42
per warrant at any time until June 16, 2012 after which time the exercise
price of the warrant will increase to $0.50 until the expiration of the
warrant on June 16, 2014.
As a result of the acquisition, Libra now holds 2,501,551 common shares,
representing approximately 11.05% of the outstanding common shares of DAC, and
2,501,551 warrants of DAC that, if exercised, would result in Libra holding
approximately 19.90% of the total outstanding common shares of DAC.
Libra acquired these Units for investment purposes and may, from time to
time, acquire additional securities of DAC or dispose of such securities as it
may deem appropriate.
Libra is the investment advisor to Libra Fund, LP and Libra Offshore
Master Fund LP, with principal offices at 909 Third Avenue, 29th Floor, New
York, NY 10022.
For further information:
For further information: Mr. Ranjan Tandon, Managing Member at (212)