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CANADA GAS SHAREHOLDERS APPROVE RESOLUTIONS AT AGM
CANADA GAS SHAREHOLDERS APPROVE RESOLUTIONS AT AGM
About this update from Hemisphere Energy Corp
[{"type":"text","content":"\nCANADA GAS SHAREHOLDERS APPROVE RESOLUTIONS AT AGM\n\n\n Jun. 17, 2010 (TheNewswire.ca) -- Vancouver, British Columbia, Canada - June 17th, 2010 - Canada Gas (OOTC:CJCFF) (TSXV:CJC) Corp. (\"Canada Gas\" or the \"Company\") shareholders have approved all resolutions at the Company's Annual and General Meeting held June 16th, 2010. Key resolutions include the approval of the proposed sale of the Trutch project to Hemisphere Energy Corporation (TSXV:HME) and up to a 3 to 1 share rollback at the discretion of the Board of Directors.The Company is now moving to complete the Trutch transaction as soon as possible as management continues to source and evaluate new opportunities for the Company by way of acquisition or reverse takeover in the mining or oil and gas space. Parties interested in discussing such opportunities are invited to contact the Company.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.For more information on Canada Gas Corp., please visit www.canadagas.ca or call 1.888.685.5851.On Behalf of the Board,CANADA GAS CORP.\"Chad McMillan\"President & CEO~ABOUT CANADA GAS~Canada Gas Corp. (tsx.v: CJC; Frankfurt: YXE; otc:bb: CJCFF) has two natural gas projects located in the foothills region of the prolific petroleum and natural gas bearing Western Canadian Sedimentary Basin, northeastern British Columbia, Canada. The Prophet River and Trutch projects feature varying PNG rights to multiple prospective target horizons, multiple prospective development locations, and flexible logistics. Meanwhile, the Company is diversifying into the Canadian oil space, looking to deploy capital, expertise and new techniques to low risk development situations.FORWARD LOOKING STATEMENTSThis press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning the Partners' future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2007/2008. These statements are based on current expectations that involve a number of risks and uncertaintie...