Durham Capital Corp.
TSX VENTURE : DRM.P

November 30, 2006 15:36 ET

Durham Capital Corp.: Press Release

CALGARY, ALBERTA--(CCNMatthews - Nov. 30, 2006) - Durham Capital Corp. ("Durham" or the "Company") (TSX VENTURE:DRM.P) a capital pool company, announces a special shareholders meeting will be held on Friday, December 22, 2006 to approve Durham's qualifying transaction with Sikanni Services Ltd. ("Sikanni"). Durham has filed and mailed its information circular for the special meeting to approve the amalgamation as the qualifying transaction for Durham, pursuant to the rules of the TSX Venture Exchange. The information circular details the transaction for the proposed business combination of Durham and Sikanni. The amalgamation requires the approval of 66 and two-thirds per cent of votes cast by the Durham shareholders at the meeting. The transaction also requires the approval of the TSX Venture Exchange and regulatory authorities. In connection with the transaction, each common share of Durham will be exchanged for one common share of the amalgamated company and each common share of Sikanni will be exchanged for one common share of the amalgamated company. Following the amalgamation the following directors and officers of Sikanni will be appointed:

- Rod MacDonald - President, Chief Executive Officer and Director

- Thomas Lewis - Chief Financial Officer

- Paul Colborne - Director

- James Pasieka - Director

- David Heighington - Director

- Scott Harkness - Director

- Gerald Feschuk - Director

The boards of Durham and Sikanni have unanimously approved the proposed transaction and recommend that the shareholders vote in favour of the amalgamation. For more information, please refer to Durham's Management Information Circular dated November 24, 2006 available for viewing at www.sedar.com.

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. Scott Harkness
    President
    (403) 999-8125
    or
    Durham Capital Corp.
    730, 1015 - 4th Street SW
    Calgary, Alberta T2R 1J4