TrinCan Capital Corp. Announces Successful Completion of Takeover Bid for the Common Shares of Markinch Resources Inc.


KELOWNA, BC, Dec. 27, 2013 /CNW/ - TrinCan Capital Corp. ("TrinCan") (TSXV: TRN) is pleased to announce that 24,217,500 common shares ("Markinch Shares") of Markinch Resources Inc. ("Markinch"), representing approximately 94.11% of the issued and outstanding Markinch Shares, have been tendered pursuant to TrinCan's offer to purchase (the "Offer") all of the issued and outstanding Markinch Shares.  TrinCan has directed the depositary, Olympia Trust Company (the "Depositary"), to take up and pay for the Markinch Shares deposited under the Offer and not withdrawn as at 5:00 p.m. (Calgary time) on December 27, 2013.  Under the Offer, holders of Markinch Shares are entitled to receive 2.5 common shares of TrinCan for each Markinch Share tendered to the Offer.

As the Offer was accepted by holders of greater than 90% of the outstanding Markinch Shares, TrinCan will take steps to acquire the remainder of the Markinch Shares pursuant to the compulsory acquisition provisions contained in the Business Corporations Act (Alberta).

Concurrent with TrinCan's take up of Markinch Shares, Colin Bowdidge, Ph.D., P.Geo has been appointed to TrinCan's board of directors and made President. Burkhard Franz remains TrinCan's Chief Executive Officer.

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.

SOURCE: TrinCan Capital Corp.

For further information:

Burkhard Franz  
Chief Executive Officer
TrinCan Capital Corp.
Phone: (250) 860-4604

Colin Bowdidge, Ph.D., P.Geo 
TrinCan Capital Corp.
Phone: (416) 807-2004

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TrinCan Capital Corp.

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