| August 18, 2009 TAD Capital Corp. Clarifies Escrow Provisions Following Closing of its Qualifying Transaction | |
| Vancouver, August 18, 2009 -- Further to its news release of August 17, 2009, TAD Capital Corp. ("TAD") wishes to clarify the escrow requirements of its stock that was issued to Golden Sabre Resources Ltd. ("Golden Sabre") upon the completion of its qualifying transaction (the "Qualifying Transaction"). Golden Sabre was issued 5,202,000 common shares in the capital of TAD (each, a "TAD Share") upon the closing of the Qualifying Transaction. The shareholders of Golden Sabre have commenced the winding-up of the company and approved the subsequent distribution of the TAD Shares to all of Golden Sabre's existing shareholders on a pro-rata basis. On the effective date of the distribution, twelve former shareholders of Golden Sabre, who will hold a total of 2,700,000 TAD Shares, will be subject to the terms of a Value Escrow Security Agreement. The remaining 2,502,000 TAD Shares will not be subject to escrow. All TAD Shares distributed by Golden Sabre to its shareholders will be subject to a hold period expiring on December 14, 2009. As stated in the August 17, 2009 release, the TSX Venture Exchange (the "Exchange") has indicated it will not issue a Final Exchange Bulletin or approve resumption of trading of the TAD Shares until the winding-up and distribution of Golden Sabre is complete and until the escrow agent confirms that the TAD Shares set out in the Value Escrow Security Agreement are held in escrow. ON BEHALF OF THE BOARD TAD CAPITAL CORP. Per: "Conrad Clemiss" Conrad Clemiss, President For further information, please contact: Conrad Clemiss President, TAD Capital Corp. (604) 646-6906 This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company such as the statement that: (i) the winding-up of Golden Sabre and the distribution of the TAD Shares will occur; and (ii) the TAD Shares will resume trading on the Exchange. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including the inability to obtain exchange approval and resume trading for any reason. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |
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