Canada Strategic Metals Corp

Published : May 05th, 2008

Shareholders Approve All Resolutions at Annual and Special Meeting

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This message has been sent by Wyn Developments Inc. and does not constitute a solicitation to buy or sell securities.  This document and others like it are used to meet legal and regulatory requirements and develop the Company's business by updating and informing industry, shareholders and other interested parties of the status and progress of the Company and its operations.  If you have received this message in error, or would like to unsubscribe, please click "remove" at the bottom of this email.

 

WYN DEVELOPMENTS SHAREHOLDERS APPROVE ALL RESOLUTIONS AT ANNUAL & SPECIAL MEETING

Vancouver, British Columbia – May 2nd, 2008 – Wyn Developments Inc. ( “Wyn Developments” or the “Company”)  announces shareholders have approved all resolutions at the Annual General and Special Meeting (“AGM”) held on April 30th, 2008, including:

  • The re-election of all Directors.
  • The plan of arrangement ‘spin-out’ of the Wyn Metals Inc. (“Wyn Metals”) subsidiary.
  • The consolidation of 5 Wyn Developments shares for 1 new share to be effected after the ‘spin out’ of Wyn Metals.
  • The name change of Wyn Developments to Canada Gas Corp. or any other name at the discretion of the Board of Directors.
  • The Company’s stock option plan.

Approximately 45 million or 44.64% of the Company’s outstanding common shares were represented at this AGM, voting greater than 99% in favor of the resolutions mentioned above.  

 

The Company is now proceeding to obtain final court approval and subsequent regulatory approval to complete the ‘spin-out’ of Wyn Metals Inc.  Upon receipt of these approvals, Wyn Developments will ‘spin out’ Wyn Metals on an “effective date”.  According to the terms of the arrangement, shareholders of record on the effective date will be eligible to receive 1 share in Wyn Metals for every 11 shares of Wyn Developments, equating to approximately 9 million Wyn Metals shares issued.  The Company anticipates the effective date will occur late May 2008 although such a date must be finalized and will be announced upon receipt of the approvals described above.    

 

A new management team has been identified and a financing of up to $1.3 million is being arranged for Wyn Metals (see press release dated April 25th, 2008).  Wyn Metals will seek a listing on a recognized Canadian stock exchange within 120 days of the effective date of the ‘spin out,’ all subject to court and regulatory approval.

 

Immediately following the Wyn Metals ‘spin out’ and share distribution to Wyn Developments shareholders, Wyn Developments will consolidate on a five old shares for one new share ratio and change the Company’s name to Canada Gas Corp.  Canada Gas Corp. will have approximately 20.5 million shares outstanding post consolidation.

 

All of the above is subject to court and regulatory approval.

 

For more information or to sign up for our email list, please visit www.wyndevelopments.ca or call 1.888.685.5851. 

 

ABOUT WYN DEVELOPMENTS INC.

 

Wyn Developments is a western Canada focused junior resource exploration, development and production company with both mineral and natural gas assets.  With the  ‘spin-out’ of its mineral assets into Wyn Metals Inc. and capital restructuring, Wyn Developments will focus on natural gas exploration, development and production, through currently owned assets and seed additional natural gas exploration opportunities through possible future mergers and acquisitions.

 

On Behalf of the Board,

 

WYN DEVELOPMENTS INC.

 

“David McMillan”

_______________________

David McMillan

President & CEO

 

INQUIRIES

Chad McMillan  
Suite 520-700 West Pender Street
Vancouver, BC, Canada V6C 1G8

Local: 1.604.685.5851
Toll Free: 1.888.685.585
Fax: 604.685.7349
E-mail:
ir@wyndevelopments.ca

WL
TSX Venture Exchange

 

YXE
Frankfurt

 

WYDPF

otc:bb

 

 

SHARE STRUCTURE
Shares Outstanding: 101,157,609

Fully Diluted: 142,209,338

 

52 week hi-low: $0.255/$0.04

Questions / Comments / Suggestions?
More Information?

Email us at: ir@wyndevelopments.ca
www.wyndevelopments.ca

Chad McMillan
ir@wyndevelopments.ca   

1.604.685.5851    Suite 520-700 West Pender Street    V6C 1G8    Vancouver, BC, Canada

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this newsletter.

 

This message was sent from Chad McMillan to .com. It was sent from: Animus Ventures Inc., 520 - 700 West Pender Street., Vancouver, BC V6C 1G8, Canada. You can modify/update your subscription via the link below.

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Canada Strategic Metals Corp

PRODUCER
CODE : CJC.V
ISIN : CA1352741088
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Canada Strategic Metals is a and gold exploration company based in Canada.

Canada Strategic Metals produces natural gas in Canada, and holds various exploration projects in Canada.

Its main asset in production is TRUTCH in Canada and its main exploration properties are PROPHET RIVER NATURAL and GOELAND in Canada.

Canada Strategic Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 22.5 millions as of today (US$ 16.9 millions, € 14.3 millions).

Its stock quote reached its highest recent level on January 03, 1997 at CA$ 9.90, and its lowest recent point on December 24, 2008 at CA$ 0.02.

Canada Strategic Metals has 75 039 155 shares outstanding.

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TSX-V (CJC.V)FRANKFURT (YXE.F)
0.300-3.23%0.0410
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CA$ 0.300
08/06 16:58 -0.010
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