Triant Announces Liquidating Distribution Amount



    VANCOUVER, April 16 /CNW/ - Triant Holdings Inc. (TSX-V (NEX Board):
TNT.H) is pleased to report the liquidating distribution amount is CAD $0.20
per common share and will be paid on April 29, 2009 to shareholders of record
on April 17, 2009. On September 19, 2008, shareholders voted in favour of a
resolution to approve a plan for the liquidation, dissolution and winding up
of Triant and this distribution represents the final liquidating distribution.
    Triant has applied to the NEX Board of the TSX Venture Exchange to delist
its common shares effective April 27, 2009 after the close of trading.
    Subsequent to payment of the final liquidating distribution, Triant will
apply to the securities commissions of British Columbia, Alberta, Ontario and
Québec to cease to be a reporting issuer effective April 30, 2009 and to the
BC Registrar of Companies to be dissolved also effective April 30, 2009.

    Additional information relating to Triant is available on SEDAR at
www.sedar.com.

    Forward-looking statements

    This news release contains forward-looking statements about Triant and
its business. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the words
"expects," "anticipates," "believes," "intends," "estimates," "projects" and
similar expressions, or that events or conditions "would," "may," "could" or
"should" occur. Forward-looking statements are based on the beliefs, opinions
and expectations of Triant's Management at the time they are made, and Triant
does not assume any obligation to update its forward-looking statements if
those beliefs, opinions or expectations, or other circumstances, should
change. Readers should not place undue reliance on forward-looking statements.
The forward-looking statements in this news release are subject to various
risks, uncertainties and other factors that could cause Triant's actual
results or achievements to differ materially from those expressed in or
implied by forward-looking statements. These risks, uncertainties and other
factors include, without limitation: the actual amount of the liquidating
distribution to shareholders of the Company, which will depend on various
factors, such as the actual collection of remaining receivables; the actual
amount of the Company's expenses, liabilities and obligations as finally
determined in the course of liquidating the Company and its subsidiaries; and
upon the reserves established for further or unanticipated liabilities and
obligations.

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

    %SEDAR: 00023157E




For further information:

For further information: Robert Heath, President & CEO, Mark Stephens,
CFO & Corporate Secretary, Triant Holdings Inc., (250) 616-6016 or
mail@triant.com

Organization Profile

TRIANT HOLDINGS INC.

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