LGC Capital Ltd. appoints Mohammed Ghafari to Board of Directors

MONTREAL, Dec. 22, 2016 /CNW Telbec/ - LGC Capital Ltd. (TSXV: QBA) ("LGC Capital") announces that Mr. Mohammed Ghafari has been appointed to its Board of Directors.  Mr. Ghafari, who is a resident of Pointe-Claire, Québec, Canada, is the Executive Officer of MEEM Solutions Inc., a Canadian-based management consulting company focused on delivering business strategies and market development.  He was one of the founding members of Digital Planet, a company specialized in Rich Media and video streaming/IPTV services.  Prior thereto, Mr. Ghafari served as Middle East Regional Director for Convergys Corporation and as Executive Sales Director - Middle East for Lucent Technologies.  He started his career at IBM Corporation, in Research and Development of smart software applications.  Mr. Ghafari holds a B.Sc. degree with Honours in Computer Science from Leeds University in England.

Mr. Ghafari replaces Mr. Guy Charette on the Board of Directors of LGC Capital, following Mr. Charette's recent resignation.  LGC Capital wishes to thank Guy Charette for his valued contribution.

The appointment of Mr. Ghafari as a director of LGC Capital is subject to regulatory approval.

LGC Capital also announces that a stock option in respect of 2,000,000 common shares of LGC Capital held by Mr. Jeremy Edelman was cancelled by mutual agreement of Mr. Edelman and LGC Capital.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

About LGC (http://www.lgc-capital.com)

LGC has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE LGC Capital Ltd

Please contact: Company & Media Contacts, Canada contact: Rafi Hazan, Secretary and Director, Tel.: [phone]; London Office contact: David Lenigas, Co-Chairman and Chief Executive Officer, Mazen Haddad, Co-Chairman, Anthony Samaha, Chief Financial Officer, Tel.: [phone]; Investor Relations Contact, Dave Burwell, The Howard Group Inc., Tel.: [phone], Toll Free: 1-888-221-0915, Email: [email protected]