Greenwich Global Capital Inc.

January 15, 2008 18:03 ET

Greenwich Global Capital Inc. Announces Results of Shareholder Vote on its Proposed Amalgamation With Stans Energy Corp.

TORONTO, ONTARIO--(Marketwire - Jan. 15, 2008) - Greenwich Global Capital Inc. (TSX VENTURE:GGB.P)("Greenwich") is pleased to announce that its shareholders have approved the proposed amalgamation (the "Amalgamation") between Greenwich and Stans Energy Corp. ("Stans Energy") at the Special Meeting of Shareholders held today (the "Meeting"). The Amalgamation was approved by 100% of the votes cast at the Meeting.

Greenwich, Stans Energy and their advisors expect that the balance of the preconditions to the completion of the Amalgamation that are described in the Management Proxy Circular dated November 28, 2007 available on SEDAR at (the "Information Circular"), including the concurrent offering of up to 7,200,000 common shares at a price of $1.25 per share for a maximum gross proceeds of $9,000,000, are to be satisfied and the closing of the Amalgamation is expected to occur before the end of January.

Greenwich wishes to remind its shareholders that the details of the procedure for the deposit of share certificates representing the common shares of Greenwich and the delivery by Equity Transfer and Trust Services, Greenwich's depositary, of new share certificates representing the shares of the resulting issuer are set out in the letter of transmittal accompanying the Information Circular. Shareholders who have not received a letter of transmittal should contact Greenwich immediately.

About Stans Energy

Stans Energy is a junior mining exploration and development company incorporated in Ontario that is engaged in the acquisition, exploration and development of mineral resource properties in the Kyrgyz Republic.

Since its incorporation, Stans Energy has acquired, through its wholly owned subsidiary, Stans Energy KG, a 100% interest in the mining claims comprising three properties in the Kyrgyz Republic: (i) Shaltin located near Bishkek in northern Kyrgyzstan, (ii) Kapkatash located in southern Kyrgyzstan, and (iii) Kyzyluraan located near the Toktogul Reservoir in Central Kyrgyzstan.

Stans Energy also holds an option in trust on four uranium exploration licenses (Alamuduun, Albugin, Baetov, and Koshdube) in Kyrgyzstan.

Forward-Looking Statements

This press release contains forward-looking statements with respect to the Amalgamation and matters concerning the business, operations, strategy, and financial performance of Greenwich. These statements generally can be identified by use of forward looking word such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The completion of the Amalgamation and the future business, operations and performance of the resulting issuer discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the transaction contemplated herein is completed. Forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability of Greenwich and Stans Energy to satisfy the requirements of the Exchange with respect to the Amalgamation. The cautionary statements qualify all forward-looking statements attributable to Greenwich and Stans Energy and persons acting on their behalves. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and Greenwich and Stans Energy have no obligation to update such statements except as required by law.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Source:
    Greenwich Global Capital Inc.
    Daniel F. Hachey, President & Chief Executive Officer
    Greenwich Global Capital Inc.
    Robert J. Mackay, President & Chief Executive Officer
    The Buick Group
    Jonathan Buick