TRIVELLO ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF THE
SHAREHOLDERS
VANCOUVER, Sept. 10 /CNW/ - Trivello Energy Corp. (TSXv: TRV; FSE: T6U1) (the "Company") is pleased to announce the results from the Annual General and Special Meeting that was held on Wednesday September 8, 2010.
Shareholders of the Company passed all resolutions including the re-election of Jay Roberge, Jody Dahrouge, Steven Williams, Steven Khan and Chris Grove to the Board of Directors and a special resolution approving the change of name of the Company.
In connection with the acquisition of the Day Copper-Gold Porphyry Property, disinterested shareholders passed a special resolution authorizing the issuance of 5,000,000 common shares to Non-Arm's Length Parties, namely Zimtu Capital Corp., a control person of the Company, and 877384 Alberta Ltd., an insider of the Company, as well as authorized the issuance of these 5,000,000 common shares to Non-Arm's Length Parties exceeding 10% of the number of outstanding common shares of the Company, on a non-diluted basis, prior to the closing date of the transaction.
Company President Jay Roberge stated, "With the full support of our shareholders we look forward to initiating our work plan for our Day Copper-Gold Porphyry Project. Initial work will commence along side the re-branding the Company and the marketing of both the new brand and the Day Copper-Gold Porphyry Project opportunity to the investment community."
Upon conclusion of the Day Copper-Gold Porphyry Property transaction, there will be 30,059,822 common shares issued and outstanding, and 39,905,655 on a fully diluted basis.
About Trivello Energy Corp.
Trivello is a junior exploration and development company focused on resource opportunities in Canada. The Company is at the early stage of the value creation process with its flagship project the Day Copper-Gold Porphyry Project located in the Toodoggone region of north-central British Columbia.
On Behalf of the Board of Directors Trivello Energy Corp. "Jay Roberge" ------------- Jay Roberge Director Tel: 604.681.1568
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that upon conclusion of the acquisition of the Day Copper-Gold Porphyry Project, there will be 30,059,822 common shares issued and outstanding and 39,905,655 on a fully diluted basis. The acquisition of the Day Copper-Gold Porphyry Project remains subject to TSX Venture Exchange acceptance.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
For further information: please visit the Company's website at http://www.trivello.com, or email [email protected]
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