TORONTO, ONTARIO--(Marketwire - May 31, 2011) - Semcan Inc. (TSX VENTURE:STT) ("Semcan or the "Company") today announced that it will be holding its Annual General Meeting on June 21, 2011 at the St Andrews Club, 150 King St West, 27th Floor, Toronto, Ontario M5H 1J9. Shareholders of record on May 17, 2011 are eligible to vote at the meeting.
The Company also announced that it has today granted 1,445,000 options to directors and employees, subject to regulatory approval. The options will be exercisable into the Company's common shares for a period of five years at an exercise price of $0.16 per share, which was the closing price of the Company's common shares today.
About Semcan Inc.
Semcan is a North American supplier of industrial processes and environmental solutions with specific emphasis on water remediation and emission control systems.
Caution Regarding Forward-Looking Information
Forward-Looking Information
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and expectations and are based on information currently available to management of Semcan. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of Semcan considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of Semcan nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.
Neither the 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:
David Deacon
CEO
(905) 875-5577