Incumbent directors Mr. Alexander Helmel and Mr. James Turner were joined by Dr. Roger Laine and Mr. Rick Vaive as directors of the Company.
99 CAPITAL CORPORATION Suite 1160, 1100 Melville Street Vancouver, BC V6E 4A6 Tel: (604) 676-4133 Fax: (604) 676-4134
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June 28, 2010 Trading Symbol: WDG – (TSX.V)
Vancouver, British Columbia. 99 Capital Corporation (the “Company”) (TSX.V: WDG) is pleased to announce that the shareholders of the Company approved all of the proposals put forward to them at the Company’s Annual General and Special Meeting of shareholders (the “Meeting”). The items of business at the Meeting included the election of the directors, the appointment of the Smyth Ratcliffe, PKF as auditors, the continuation of the Company’s stock option plan, and the continuation of the Company from the federal jurisdiction of Canada to the Province of British Columbia.
Incumbent directors Mr. Alexander Helmel and Mr. James Turner were joined by Dr. Roger Laine and Mr. Rick Vaive as directors of the Company.
Dr. Roger Laine is an experienced geological engineer with a Ph.D. in geosciences from the University of Arizona in Tucson. Dr. Laine has over 35 years of international industry experience throughout the Americas, West & Central Africa and Europe, specializing in exploration, development, geostatistics and reserve estimating, underground and open-pit mining, grade and quality control. Dr. Laine has in excess of 14 years uranium experience working for Cogema (now part of AREVA) and their subsidiaries as a senior manager exploring for unconformity, vein type and roll-front as well as stratigraphically controlled uranium deposits in France, Canada, US and Mexico. Dr. Laine worked for 7 years in Saskatchewan as VP Exploration for Amok-Cluff Mining in the 1980’s. Since joining Forsys Metals Corp. ("Forsys") in 2007, Dr. Laine has been acting as Chief Geologist and is responsible for the development and evaluation of the Forsys' Valencia uranium project located in Namibia. Dr. Laine was also a director of Forsys from 2006 to 2009. Dr. Laine is a registered P.Geo. with the APEG of British Columbia which he joined in 1991.
Mr. Rick Vaive served as a director of Forsys Metals Corp. (“Forsys”) from 2005 to 2010 during the company's growth period as a startup company to developing a fully licenced uranium deposit in Namibia, Africa. Prior to joining Forsys, Mr. Vaive had a 13 year NHL career, most noted as the Toronto Maple Leaf’s youngest captain and the first player in franchise history to score over 50 goals in a single season. Ending his professional hockey career in 1992 with the Buffalo Sabres, Mr. Vaive proceeded as a successful player/coach and head coach in the American Hockey League (AHL), head coach, general manager and director of hockey operations in the East Coast Hockey League (ECHL) and head coach in the Ontario Hockey League (OHL).
The Company wishes to acknowledge and thank Mr. Jakob Kalpakian for services as former President & CEO, Mr. Bedo Kalpakian for services as former Chairman & CFO, and Mr. Christopher Kape for his services as former Director. Subsequent to the Meeting, the Board of Directors has appointed officers for the ensuing year as follows: Mr. Alexander Helmel, President & CEO; Mr. Darren Tindale, CFO, and Mr. Desmond Balakrishnan, Secretary of the Company.
For further information, please contact 99 Capital at 604 676-4133.
On behalf of the Board of 99 Capital Corporation,
“Alexander Helmel”
Alexander Helmel, President & CEO
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Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes,” "plans," "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.