Sea Green Capital Corp.
TSX VENTURE : SGS

Sea Green Capital Corp.

April 13, 2009 13:14 ET

Sea Green Capital Corp.-Corporate Update

TORONTO, ONTARIO--(Marketwire - April 13, 2009) - Sea Green Capital Corp. ("Sea Green" or the "Company") (TSX VENTURE:SGS) announces that at an annual and special meeting of shareholders of the Company held on April 7, 2009 (the "Meeting"), the following matters presented to shareholders were not approved:

1. special resolution to consolidate all of the Company's issued and outstanding common shares on the basis of up to ten (10) pre-consolidation common shares for one (1) post-consolidation common share; and

2. special resolution to change the name of the Company from "Sea Green Capital Corp." to “Green Sierra Resources Inc.” or such other name as may be determined by the Board of Directors of the Company.

At the Meeting, management of the Company's nominees for directors—Messrs. R. Brian Murray, John V. Hickey, Roger Peacock, James Decker and Alex Falconer—were elected to hold office until the close of the next annual meeting of the shareholders, and the Company's current auditor, Sievert & Sawrantschuk LLP, Chartered Accountants, were re-appointed as the Company's auditor for the ensuing year and the directors were authorized to fix their remuneration.

Details of the matters that were acted upon at the Meeting are set out in the Company's Management Information Circular dated March 5, 2009, which is available at www.sedar.com.

In addition, management advises that it is continuing to assess opportunities for its properties in both Quebec and Ontario which may include the sale of certain assets. At the same time, other gold exploration properties are being evaluated.

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 release.

Contact Information

  • Sea Green Capital Corp.
    R. Brian Murray
    President and CEO
    (416) 985-7810

    or

    Sea Green Capital Corp.
    John V. Hickey
    CFO
    (416) 903-6649
    Website: www.seagreencapital.com