Aug. 23, 2010 (Filing Services Canada) -- Champlain Resources Inc. (CPL.H - TSX Venture), ("Champlain" or the "Company"), is pleased to announce that the TSX Venture Exchange (TSXV) has, pursuant to applicable TSXV policies, accepted for filing the Filing Statement for Champlain to change its business Champlain now needs to obtain shareholder approval of the change of business before it can be listed on the TSXV.
"The filing of the Filing Statement is a significant step forward for Champlain to complete its change of business," states Troy Mochoruk, CEO. "A copy of the Filing Statement is available at www.sedar.com under Champlain's profile. A shareholder meeting to be held on September 30th, 2010 has been called by Champlain to, among other things, approve the change of business."
The TSXV policies permit written consent of shareholders in lieu of a shareholders meeting. While the Company intends to proceed with the shareholder meeting, it is also seeking to obtain written consent of shareholders (on a disinterested basis) prior to the shareholders meeting in an effort to fast track the TSXV listing process. To date, the Company has received consents from disinterested shareholders holding an aggregate of approximately 39.03% of the Company's issued and outstanding shares. A copy of the shareholder consent is available on Champlain's website at www.champlainresources.com. Shareholders should contact the Company directly at the number below should they wish to provide consent prior to the shareholders meeting.
For further information contact:
Mr. Troy Mochoruk
Chairman and Chief Executive Officer
#1614, 246 Stewart Green SW
Calgary, AB T3H 3C8
Tel: (403) 618-8989
Fax: (403)243-7298
www.champlainresources.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Source: Champlain Resources Inc. (CPL.H - TSX-V)
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