New Directors Elected to the Board
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
KELOWNA, BC,
May 17, 2013 /CNW/ - TrinCan Capital
Corp. ("TrinCan" or the "Corporation") (TRN:TSX-V) is
pleased to announce that at the Corporation's annual and special
meeting held today, the shareholders of TrinCan approved the
consolidation of the Corporation's common shares on a two for one
basis. The Corporation expects to complete its filing of
regarding the consolidation shortly and that the shares will trade
on the TSX Venture Exchange on a consolidated basis on or about
Thursday, May 30, 2013.
In addition, shareholders elected two new
independent directors to the board, replacing two retiring
directors. Lorraine McVean and
Bozica (Bo) Jurcevic, both of
Calgary, Alberta, were elected to
the board of directors. Ms. McVean is an independent oil and
gas legal consultant and Ms. Jurcevic is in the business of
financial consulting. Mr. Franz thanked both Mr. Fridhandler,
former Chairman of the Corporation, and Ms. Zhu, an independent
director, for their service to the Corporation since its
incorporation.
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.