/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
KELOWNA, BC,
April 22, 2013 /CNW/ - TrinCan
Capital Corp. ("TrinCan" or the "Corporation")
(TRN:TSX-V) is pleased to announce that it will hold its annual and
special meeting on Friday, May 17,
2013 (the "Meeting") at its head office in
Kelowna, British Columbia.
The Information Circular - Proxy Statement for the Meeting was
mailed today to shareholders of record on April 17, 2013. In addition to the
regular matters considered at annual meetings, TrinCan will put
before shareholders a proposed consolidation of its shares on a two
for one basis. The consolidation is subject to approval of
the TSX Venture Exchange and the approval of shareholders of the
Corporation by special resolution; thus requiring approval of
66 2/3% of those voting at the Meeting. The Corporation
currently has issued and outstanding 17,938,000 common shares and,
if the consolidation is approved and carried out, the Corporation
will have approximately 8,969,000 common shares issued and
outstanding. The Corporation will not be changing its name in
conjunction with the consolidation.
Management and the board of directors of the
Corporation believe it appropriate in the current circumstances of
the Corporation to effect the consolidation to provide a more
effective platform to move the Corporation forward and build
shareholder value. There can be no assurance that the
consolidation of the outstanding capital will increase the market
price per common share or generate increased investor interest in
the Corporation.
About TrinCan
TrinCan is a Canadian natural resource
corporation engaged in the acquisition, exploration and development
of oil and gas properties in Western
Canada. The Common Shares trade on the TSX Venture Exchange
under the symbol TRN.
Cautionary Statement:
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.
No stock exchange, securities commission or
other regulatory authority has approved nor disapproved the
information contained herein.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements relating to the future operations of the Corporation and
other statements that are not historical facts. Forward-looking
statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
future plans and objectives of the Corporation, are forward looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements.
Important factors that could cause actual
results to differ materially from the Corporation's expectations
are exploration risks detailed from time to time in the filings
made by the Corporation with securities regulations.
The reader is cautioned that assumptions used
in the preparation of any forward-looking information may prove to
be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of TrinCan. As a result, we cannot
guarantee that any forward-looking statement will materialize and
the reader is cautioned not to place undue reliance on any
forward-looking information. 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
news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release are
made as of the date of this news release, and TrinCan 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 Canadian securities law.
SOURCE TrinCan Capital Corp.