Trading Symbol: MCV
TORONTO, June 27 /CNW/ - McVicar Resources Inc. ("McVicar") announces
that at its Annual and Special meeting of shareholders held on June 25, 2008
Mr. Henry Tse, C.A. was elected a director of McVicar to fill the vacancy
created by the resignation of Mr. Hongjie Kang (announced June 16, 2008). Also
re-elected to the board of directors are Gang Chai, D. James Misener, Tony
Naldrett and Raymond Morley. Mr. Tse is the current Chief Financial Officer of
McVicar and its related company, Jite Technologies Inc.
McVicar also announces that at the Annual and Special meeting,
shareholders authorized amendments to its articles of incorporation to change
McVicar's name to "McVicar Industries Inc." or such other name as may be
approved by applicable regulatory authorities. This name change reflects
McVicar's business transition from a junior resources company to the present
more broad industrial based business. McVicar will provide further information
to shareholders following receipt of regulatory approvals.
McVicar is a Canadian company with operations in China, mainly focusing
on the specialty chemicals. The Company has three subsidiaries located in the
east coast of China: Hongbo Chemical Co. Ltd. ("Hongbo"), Changlong Chemical
Ltd. ("Changlong") and Luyuan Chemical Co. Ltd. ("Luyuan").
This press release contains forward-looking statements which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual results
could differ materially from those projected herein. Expectations are based on
reasonable assumptions and the company can give no assurance that expectations
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Ms. eXavier Peterson at: 55 University Avenue,
Suite 605, Toronto, ON, M5J 2H7, Tel: (416)366-7420, Fax (416)366-7421,