/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES/
Symbol: GDB.P: TSX Venture Exchange Inc.
TORONTO, June 18 /CNW/ - Goldbard Capital Corporation ("Goldbard") is pleased to announce that it has received conditional approval from the TSX Venture Exchange for its Qualifying Transaction and that, further to its press release dated March 1, 2010, it has filed a filing statement dated June 17, 2010 in connection with this transaction (the "Filing Statement"). Goldbard has entered into a definitive option agreement with BCGold Corp. ("BCG") in respect of the acquisition by Goldbard of an option to earn up to a 70% interest in BCG's Pepper Property, a "Minto-type" copper-gold mineral exploration property in the Yukon Territory, and the vendors of Goldbard's seed common shares have executed a share purchase agreement with XDL Resources Inc. for the sale of 5 million seed shares for an aggregate purchase price of $550,000.
Closing of the proposed transaction is expected to occur on June 29, 2010. The Filing Statement is available under Goldbard's profile on SEDAR at www.sedar.com.
Completion of the proposed transaction is subject to a number of conditions, including but not limited to, final acceptance by the TSX Venture Exchange. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon Trading in the securities of Goldbard should be considered highly speculative.
ADVISORY: Certain information in this press release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements with respect to the closing or completion of the Qualifying Transaction. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas production, marketing and transportation; loss of markets; volatility of commodity prices; currency and interest rate fluctuations; imprecision of reserve estimates; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; inability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to income tax, environmental laws and regulatory matters. Readers are cautioned that the foregoing list of factors is not exhaustive.
Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and Goldbard does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
The TSX Venture Exchange has in no way passed upon the merits of the proposed qualifying transaction and has neither approved nor disapproved the contents of this press release.
SOURCE GOLDBARD CAPITAL CORPORATION
For further information: For further information: Goldbard Capital Corporation, Jesse Kaplan, Vice-President and Secretary, Phone: 646.218.1400; XDL Resources Inc., Yaron Conforti, Phone: 416.250.6500x1289