Cap-Link Obtains Shareholder Approval for Name Change to Petrodorado Energy Ltd.
CALGARY, ALBERTA--(Marketwire - March 15, 2010) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
Cap-Link Ventures Ltd. (the "Company") (TSX VENTURE:CAV) is pleased to announce that it received shareholder approval at its special meeting on March 12, 2010 (the "Meeting") to file articles of amendment to (i) change the name of the Company to Petrodorado Energy Ltd. or such other name as may be determined by the Board of Directors and as may be accepted by the TSX Venture Exchange; and (ii) change the province or territory in Canada where the registered office is to be situated to Alberta.
The name change, as approved by the Shareholders, is subject to acceptance by the TSX Venture Exchange Inc. ("TSXV"). An application for approval will be submitted and it is currently anticipated that the name change will occur early to mid April, 2010. When the common shares of the Company begin trading on the TSXV under the new name, they will trade under the symbol "PDQ". A further news release will be issued when the Company has confirmation of the date trading under the new name will occur.
Upon the required TSXV approval being obtained, letters of transmittal will be mailed to the registered holders of Common Shares of the Company requesting them to forward the certificates representing their Common Shares to Computershare Trust Company of Canada in exchange for certificates representing the new name of the Company, in accordance with the instructions contained in the letters of transmittal.
At the Meeting, the Shareholders also approved an amendment to the articles of the Company to change the province or territory in Canada where the registered office is to be situated to Alberta. Accordingly, this amendment will occur at the same time the articles of amendment are filed to effect the name change.
CAP-LINK VENTURES LTD.
Krishna Vathyam, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements". Such forward-looking statements, including but not limited to uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned that the assumption used in the preparation of the forward-looking statements, although considered reasonable at the time of preparation may prove to be imprecise and, as such undue reliance should not be placed on forward-looking statements.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.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
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