Calgary, Alberta (FSCwire) – Calgary, AB: Synstream Energy Corp. (“Synstream” or the “Company”) (TSXV:SHM) announces the following:
2018 Annual General Meeting
All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular dated April 26, 2017, were approved by the requisite majority of votes cast at the Synstream annual general and special general meeting ("AGM") held in Calgary, AB on March 5, 2018. Those resolutions included special resolutions approving the potential name change of the Company to “BitC2 Technologies Corp.” and the listing of the Company’s shares on the Canadian Securities Exchange. Any further action relative to the matters dealt with by special resolution remains subject to determination of the Board of Directors.
Collins Barrow LLP, Chartered Accountants were re-appointed as auditors of the Company for the ensuing year. Shareholders voted in favour of setting the number of directors at four and the following incumbent directors were re-elected: Johannes Kingma, Roger Jewett, James Ross and David Pinkman.
Future business focus
The Company has continued the process of identifying opportunities to bring ledger or blockchain technologies into the realm of carbon mitigation and environmental controls. In so doing, it is recognized that any transaction pursued by the Company in the above spectrum may constitute a Change of Business as defined under the policies of the TSX-Venture Exchange and accordingly will require regulatory approval and preparation and dissemination of appropriate disclosure documentation. Moreover, there can be no assurances that any definitive agreement will be reached with any company and no assurances that any financing alternatives will be identified or secured to permit the Company to proceed with the development of any new business opportunities. Management intends to meet with the TSX-V in the near future to set the development path for these opportunities.
The Company continues to manage and generate revenue from the production of its petroleum and natural gas properties in Western Canada.
For further information, contact:
Chief Executive Officer
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Corporation can give no assurance that they will prove to be correct.
Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Source: Synstream Energy Corp. (TSX Venture:SHM)
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