China 88 Capital Corp.
TSX VENTURE : ZRG.P

November 22, 2011 14:29 ET

China 88 Capital Corp. Announces TSXV Approval of Name Change and Consolidation of Common Shares

CALGARY, ALBERTA--(Marketwire - Nov. 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 today that the TSXV has given its final approval for the name change of the Corporation to GeoVenCap Inc. and that its new ticker symbol will be GOV (collectively the "Name Change"). The TSXV has also given final approval to the Corporation for the consolidation of its issued and outstanding Common Shares on the basis of one (1) new Common Share for every five (5) Common Shares presently issued and outstanding (the "Consolidation"). The Name Change and Consolidation will be effective at the opening of the market on Thursday, November 24, 2011.

The Name Change and Consolidation was approved by the shareholders of the Corporation at the Annual and Special Meeting of the Shareholders of the Corporation held on July 7, 2011.

A new CUSIP number of 373679109 and a new ISIN number of CA3736791094 has been obtained to distinguish between the pre and post-consolidated Common Shares. Following completion of the Consolidation, the Corporation will have approximately 3,030,000 Common Shares issued and outstanding.

Pursuant to the resolution passed at the Annual and Special Meeting of the Shareholders of the Corporation held on July 7, 2011, any fractional Common Shares arising upon the Consolidation will not entitle the Shareholder to receive a fractional Common Share but instead will entitle the Shareholders to receive payment for their pre-Consolidation Common Shares against delivery of the certificates for such Common Shares at the last closing price of the pre-Consolidation Common Shares on the TSXV.

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)
    china88capital@gmail.com