Gencan Capital Inc. announced that John A. McMahon and certain other purchasers acquired 13,999,336 Common Shares in the capital of the Corporation from Genterra Capital Inc., Forum Financial Corporation, and York Capital Funding Inc. In connection with the Transaction, the directors and officers of the Corporation have resigned. The Corporation's board of directors is now comprised of John A. McMahon, who will also act as the Corporation's Chief Executive Officer, Chris Hobbs and Tim Diamond.