CORP./ NYCAN PETROLEUM STOCK SPLIT, RECLASSIFICATION
NYCAN PETROLEUM CORP. ANNOUNCES APPROVAL OF 4 TO 1 SHARE
CONSOLIDATION, RECLASSIFICATION, NAME CHANGE
Date: 5/28/98 8:31:17 AM
CALGARY, ALBERTA
Stock Symbol: NAP.A
Nycan Petroleum Corp. advises that its shareholders have approved the
previously announced consolidation of its Class A (common) shares on a 4 to
1 basis, a reclassification of the Class A shares to common shares and a
change of its corporate name to Nycan Energy Corp. The consolidation,
reclassification and name change are being implemented and it is anticipated
that Nycan's shares will start trading on the ASE on the new basis on June 2,
1998 under the trading symbol NYE.
Nycan currently has 36,620,600 Class A shares outstanding and will, following
the consolidation, have 9,155,150 common shares outstanding.
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