Listing: TSX Venture Exchange, Symbol "LDR"
Issued and Outstanding Common Shares: 14,560,918
TORONTO, Nov. 6 /CNW/ - Leader Capital Corp. ("Leader" or "the Company")
announced today that it has, as part of the Continuous Disclosure Review
conducted by the Ontario Securities Commission filed amended Forms 51-101F1,
51-101F2 and 51-101F3 relating its reserve and cash flow evaluation for the
fiscal year ended March 31, 2007.
The original Form 51-101F1, the original report of the independent
engineer on Form 51-101F2 and the original Form 51-101F3 that were filed on
July 30, 2007 were presented as of June 30, 2007. The amended Forms are
presented as of March 31, 2007 to coincide with the fiscal year-end of the
While readers are advised to read the above-mentioned documents in their
entirety, the principal amendments to such documents, in addition to the
change in dating summarized above, were as follows. To comply with the
requirements of National Instrument 51-101 - Standards of Disclosure for Oil
and Gas Activities, the revised Form 51-101F1 includes additional comments in
Part 5 pertaining to the proved undeveloped reserves and capital necessary to
access these reserves. In addition, Part 6 of the revised Form 51-101F1
contains additional discussion and documentation with respect to the capital
and timing necessary to develop the additional probable reserves. The
published price forecasts, estimated reserves, remaining recoverable reserves
and annual cash flows in the revised Form 51-101F1 have not been adjusted from
The Chief Executive Officer and Chief Financial Officer certifications in
respect of the year ended March 31, 2007 have also been re-filed. All of these
re-filed documents are available at www.sedar.com.
LEADER CAPITAL CORP.
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
including 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 form 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 (telephone) (416) 304-1913