Gysan Announces the Change of Name and the Appointment of New Directors and Officers
Calgary, Alberta--(Newsfile Corp. - February 25, 2013) - Gysan Holdings, Inc. (OTCQB: GYSA) ("Gysan" or the "Corporation"), is pleased to announce that, further to its news release of January 23, 2013, it has filed a preliminary information statement, Schedule 14C, as a part of its annual meeting. The information statement indicates that Corporation has received written consents in lieu of a meeting from stockholders representing a majority of our outstanding shares of voting stock approving the following actions:
Approval of an amendment to our Articles of Incorporation to change our name to Dino Energy Corporation
Approval of an amendment of our Articles of Incorporation to increase the number of our authorized common shares and preferred shares.
Approval of the election of Directors, namely Eric D. Lawson, Vanleo Y. W. Fung, Solomon Auyeung and Trent Sittler, with Eric D. Lawson to be the President and CEO and Vanleo Y. W. Fung to be the CFO, Treasurer and Secretary.
To approve the ratification of MNP LLP as our outside auditors.
These actions will be effective 20 days after the Definitive Information Statement is mailed to the shareholders. The Company is not asking for proxies, and the shareholders are requested not to send proxy cards to the Company.
On January 23, 2013, Gysan completed its acquisition of all the outstanding shares of Dino Energy Investments Ltd. ("Dino"), a company formed and subsisting pursuant to the laws of the British Virgin Islands, from Dino's current shareholders, in exchange for 65,000,000 shares of Gysan Common Stock and 45,000,000 shares of Gysan Class A Preferred Stock. Each Gysan Class A Preferred Share has three votes and is convertible into three shares of the Corporation's Common Stock. As a result of the transaction, Dino has become a wholly-owned subsidiary of Gysan. Also, further to its news releases of September 26, 2012, October 25, 2012 and December 28, 2012, Dino has entered into an agreement with a certain First Nations group in Alberta, Canada (the "First Nation") for the exploration, development and production of hydrocarbon resources on and under the First Nation's reserve lands (the "Exploration Agreement"). The rights granted to Dino under the Exploration Agreement are subject to regulatory and governmental approval as well as a number of other conditions precedent. It is expected that Dino, as a subsidiary of Gysan, will conduct all exploration and production activities through a wholly-owned subsidiary incorporated under the laws of Alberta, Canada.
Certain statements contained in this release are forward-looking statements and are based on future expectations, plans and prospects for Gysan's business and operations that involve a number of risks and uncertainties. Gysan's forward-looking statements in this release are made as of the date hereof, and the Corporation disclaims any duty to supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise. In connection with the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and the "forward-looking information" provisions of National Instrument 51-102 of the Canadian Securities Administrators, the Corporation is identifying certain forward-looking information. Actual events or results may differ materially from those contained in these forward-looking statements. Important factors that could cause further events or results to vary from those addressed in the forward-looking statement include, without limitation, risks and uncertainties arising from the ability of Gysan to successfully complete the Exchange Transaction, to satisfy the conditions precedent contained in the Exchange Agreement and successfully exploit the rights acquired thereby; uncertainties relating to the ability to realize the expected benefits of the acquisition; unanticipated or unfavorable regulatory matters; general economic conditions in the region and industry which Gysan and Dino operate, and other risk factors as discussed in the Corporation's other filings made by the Corporation from time to time with the Securities and Exchange Commission and the Alberta Securities Commission.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gysan Holdings, Inc.
Vanleo Y. W. Fung, President and CEO
Winnie Fung, Treasurer and Secretary
Telephone: (403) 229 - 2351
Facsimile: (403) 228 - 3013