Durham Capital Corp.

November 10, 2006 16:30 ET

Durham Capital Corp.: Press Release

CALGARY, ALBERTA--(CCNMatthews - Nov. 10, 2006) - Durham Capital Corp. ("Durham" or the "Company") (TSX VENTURE:DRM.P) a capital pool company, announces that trading has been halted since September 27, 2006 pending submission of updated documentation to the TSXV in connection with the Company's previously announced qualifying transaction. The Company advises that the transaction is proceeding and that trading will remain halted until the qualifying transaction with Sikanni Services Ltd. has closed.

Trading was halted pending clarification with respect to a concern the exchange had with one member of the proposed board and management team of the resulting issuer. The Company is working together with the Exchange to satisfy this matter and the Company is in the process of filing additional documentation, including an updated information circular and supporting documents. As well, the Company has significantly enhanced the proposed board of directors and management team of the resulting issuer, and further announcements will be forthcoming subject to TSXV acceptance of the proposed candidates as directors and officers of the Company.

Completion of the transaction is subject to a number of conditions, including but not limited to TSXV acceptance and approval of the transaction by a two-thirds majority of the votes cast by the shareholders of each of Sikanni Services and the Company. The transaction cannot close until the required approvals are obtained.

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

Contact Information

  • Durham Capital Corp.
    Mr. W. Scott Harkness
    (403) 999-9125
    Durham Capital Corp.
    730, 1015 - 4th Street SW
    Calgary, Alberta
    T2R 1J4