TORONTO, ONTARIO, Jul. 20, 2010 (Marketwire) -- XDL Resources Inc. ("XDL") announces that it has acquired ownership of an aggregate of 5,000,000 common shares of Goldbard Capital Corporation (TSX VENTURE:GDB) ("Goldbard"), representing approximately 39.7% of the 12,600,000 issued and outstanding common shares of Goldbard.
XDL is a private Ontario corporation controlled by Dennis Bennie and Yaron Conforti. XDL acquired the Goldbard shares pursuant to a Qualifying Transaction (as defined by the policies of the TSX Venture Exchange) as described in Goldbard's Filing Statement dated June 17, 2010, a copy of which may be found on www.SEDAR.com. The shares were acquired pursuant to a share purchase agreement between XDL and the holders of Goldbard's escrow shares dated June 17, 2010 at a price of $0.11 per share for aggregate consideration of $550,000. XDL has agreed to be bound by and to assume the relevant escrow provisions of Goldbard's Escrow Agreement.
XDL acquired the common shares for investment purposes, and will file an early warning report describing the above transactions with applicable Canadian securities regulators, a copy of which will be available under Goldbard's profile at www.SEDAR.com.