China 88 Capital Corp.
TSX VENTURE : ZRG.P

June 22, 2011 17:44 ET

China 88 Capital Corp. Announces a Change of Date of its Annual and Special Meeting of Shareholders and Explains Voting Procedures in Case of Postal Disruption

CALGARY, ALBERTA--(Marketwire - June 22, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

China 88 Capital Corp. ("China 88" or the "Corporation") (TSX VENTURE:ZRG.P) is announcing that its upcoming Annual and Special Meeting of Shareholders originally scheduled to be held on June 29, 2011 will now be held at the offices of Gowling Lafleur Henderson LLP, Suite 1400, 700 – 2nd Street S.W., Calgary, Alberta on July 7, 2011 at 10:00 a.m. (Calgary time) (the "Meeting"), for the following purposes:

  1. to consider and, if thought fit, to pass a special resolution changing the name of the Corporation to "GeoVenCap Inc.", as more particularly described in the Information Circular;
  2. to elect the directors of the Corporation;
  3. to consider, and if thought fit, to fix the number of directors of the Corporation for the ensuing year, or as otherwise authorized by the Shareholders, at four (4) members;
  4. to approve the reappointment of Schwartz Levitsky Feldman LLP as auditors of the Corporation for the ensuing year at such remuneration as may be fixed by the board of directors (the "Board");
  5. to receive and consider the financial statements of the Corporation for the year ended December 31, 2010 and the auditors' report thereon;
  6. to consider and, if thought fit, to approve a special resolution authorizing a consolidation of the Common Shares at a consolidation ratio of 5:1 or at such lower consolidation ratio as may be determined by the Board in its sole discretion (the "Consolidation Resolution");
  7. to consider and, if thought fit, to approve the stock option plan of the Corporation as required by the policies of the TSX Venture Exchange; and
  8. to transact such further and other business as may properly come before the Meeting or any adjournment thereof.

China 88 has filed its information circular and form of proxy dated May 19, 2011 (the "Meeting Materials") and the Meeting Materials have been mailed to Shareholders. However, in light of the recent announcement of postal disruption in Canada, the physical delivery of the Meeting Materials to certain Shareholders may be delayed. Accordingly, any Shareholders that do not receive their Meeting Materials in a timely fashion are encouraged to access and review electronic copies of the Meeting Materials, which are filed under China 88's profile on SEDAR at www.sedar.com. Shareholders may also request a hard copy of the Information Circular by contacting China 88's counsel at 403-298-1801 or Olympia Trust Company at 403-261-0900 or cssinquires@olympiatrust.com to arrange for delivery of the Meeting Materials by electronic mailing or courier at no charge to such Shareholder.

The vast majority of China 88 Shareholders do not hold their Common Shares in their own name but instead hold their Common Shares through a broker, financial institution, trustee, nominee or other intermediary (referred to in this press release as "Beneficial Shareholders"). Most brokers or other intermediaries delegate responsibility for obtaining voting instructions from clients to Broadridge Financial Solutions, Inc. ("Broadridge") and Broadridge provides Beneficial Shareholders with a Voting Instruction Form ("VIF") which contains instructions on how to vote by internet or telephone along with a control number specific to each Beneficial Shareholder which is required to record the votes of Beneficial Shareholders through the internet or telephone voting system. Beneficial Shareholders who do not receive physical delivery of their VIF and control number by mail due to postal disruption may obtain their control number by contacting their broker, financial institution, nominee or other intermediary that holds their China 88 Common Shares. Upon obtaining their control number, Beneficial Shareholders may proceed to vote their China 88 Common Shares by accessing the Broadridge internet site or telephone voting system in the normal course as follows or provide directions to their broker, financial institution, nominee or other intermediary to vote on their behalf:

Internet Voting: www.proxyvote.com

Telephone Voting: 1-800-474-7493 (English) or 1-800-474-7501 (French)

We encourage Beneficial Shareholders to contact their broker, nominee or other intermediary promptly to obtain their required control number or provide instructions to vote on their behalf and thereby ensure their vote is recorded through the internet and telephone system.

For Shareholders that hold their Common Shares in their own name ("Registered Shareholders"), the form of instrument of proxy for use by Registered Shareholders is also available under China 88's profile at www.sedar.com. Registered Shareholders must complete the instrument of proxy which may be returned by facsimile to Olympia Trust Company at 403-265-1445 or by email at proxy@olympiatrust.com, not less than 48 hours (excluding Saturdays, Sundays and statutory holidays in Alberta) before the time set for the Meeting.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this press release constitutes forward-looking information or statements including, without limitation, information and statements respecting: the timing and results of the Meeting, and the impact, if any, of the ongoing postal disruption, is forward-looking information. Forward-looking information and statements are often, but not always, identified by the use of words such as "anticipate", "seek", "believe", "expect", "hope", "plan", "intend", "forecast", "target", "project", "guidance", "may", "might", "will", "should", "could", "estimate", "predict" or similar words or expressions suggesting future outcomes or language suggesting an outlook. By their very nature, forward- looking information and statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information and statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to vary materially from the forward-looking information or statements. China 88 does not assume responsibility for the accuracy and completeness of the forward-looking information or statements and such information and statements should not be taken as guarantees of future outcomes. Subject to applicable securities laws, China 88 does not undertake any obligation to revise these forward-looking information or statements to reflect subsequent events or circumstances. Furthermore, the forward-looking information contained in this press release are made as of the date of this document and China 88 does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking information and statements contained in this press release are expressly qualified by this cautionary statement.

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 news release.

Contact Information

  • China 88 Capital Corp. - James Paterson
    President, Chief Executive Officer, Chief Financial Officer,
    Secretary and Director
    +1 (888) 505-5480
    +1 (320) 451-7490 (FAX)