Gysan Announces the Signing of a Definitive Agreement on the Acquisition of
Dino Energy Investments Ltd.
CALGARY, Alberta, Oct. 25, 2012 (GLOBE NEWSWIRE) -- Gysan Holdings, Inc.
(OTCQB:GYSA) ("Gysan" or the "Corporation"), listed on the OTCQB ("OTCQB") is
pleased to announce that, further to its news release of September 26, 2012,
it has entered into a Definitive Agreement ("Definitive Agreement") dated
October 23, 2012 to acquire Dino Energy Investments Ltd., a company formed and
subsisting pursuant to the laws of the British Virgin Islands ("Dino Energy")
(the "Acquisition"). The Definitive Agreement contemplates that, in exchange
for all the outstanding shares of common stock of Dino Energy, Gysan shall
issue to Dino Energy's shareholders an aggregate of 200,000,000 shares of
common stock of Gysan. Following this transaction, the shareholders of Dino
Energy will control the Gysan consolidated group.
Dino Energy is a newly-formed oil and gas company and it has recently entered
into an agreement with a First Nation group in Alberta, Canada for the
exploration, development and production of hydrocarbon resources on and under
the First Nation's reserve lands (the "Exploration Agreement"). The rights
granted to Dino Energy under the Exploration Agreement are subject to
regulatory and government approval as well as a number of other conditions
precedent. It is expected that Dino Energy will conduct all exploration and
production activities through a wholly owned Alberta subsidiary.
The completion of the Acquisition is subject to a number of conditions
precedent, including, but not limited to: (i) completion of satisfactory due
diligence by each of Gysan and Dino Energy; (ii) the approval of the
Acquisition by each of Gysan's and Dino Energy's respective board of directors
and shareholders, if required; (iii) the absence of any material change or
change in a material fact which might reasonably be expected to have a
material adverse effect on the financial and operational conditions or the
assets of each of the parties to the Definitive Agreement; and (iv) certain
other conditions typical in a transaction of this nature.
Certain statements contained in this release are forward-looking statements
and are based on future expectations, plans and prospects for Gysan's business
and operations that involve a number of risks and uncertainties.Gysan's
forward-looking statements in this release are made as of the date hereof, and
the Corporation disclaims any duty to supplement, update or revise such
statements on a going-forward basis, whether as a result of subsequent
developments, changed expectations or otherwise.In connection with the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995,
the Corporation is identifying certain forward-looking information regarding,
among other things, the acquisition of Dino Energy by Gysan.Actual events or
results may differ materially from those contained in these forward-looking
statements.Important factors that could cause further events or results to
vary from those addressed in the forward-looking statement include, without
limitation, risks and uncertainties arising from the ability of Gysan to
successfully complete this Acquisition, to satisfy the conditions precedent
contained in the Exploration Agreement and successfully exploit the rights
acquired thereby; uncertainties relating to the ability to realize the
expected benefits of the acquisition; unanticipated or unfavorable regulatory
matters; general economic conditions in the region and industry which Gysan
and Dino Energy operate, and other risk factors as discussed in the
Corporation's other filings made by the Corporation from time to time with the
Securities and Exchange Commission.
CONTACT: Gysan Holdings, Inc.
Grace Weisgerber, President
Winnie Fung, CFO
Telephone: (403) 229 - 2351
Facsimile: (403) 228 - 3013
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