TrinCan Capital Corp. shareholders approve consolidation

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.

For further information:

Burkhard Franz, President and Chief Executive Officer
Tel: (250) 860-4604
Fax: (250) 712-2215

Organization Profile

TrinCan Capital Corp.

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