CINS Holding Corp. - Corporate Update
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/
RICHMOND, BC, Aug. 24, 2012 /CNW/ - CINS Holding Corp. (formerly Genius World Investments Limited) (TSXV: GNW.H) (the "Company") is pleased to provide corporate update subsequent to its special meeting of shareholders ("Meeting") held on June 26, 2012.
Pursuant to the special resolutions passed at the Meeting, the Company's name has been changed from "Genius World Investments Limited" to "CINS Holding Corp." as at June 26, 2012 with the amendment and adoption of the Amended and Restated Memorandum and Articles of Association to reflect the new name of the Company. The Certificate of Incorporation on Change of Name and the Amended and Restated Memorandum and Articles of Association have been filed on SEDAR.
On July 4, 2012, the Company terminated the sponsorship agreement with Union Securities Ltd. On August 20, 2012, the Company received conditional approval from the NEX Board of TSX Venture Exchange ("TSXV") with regard to its delisting application. A TSXV bulletin on delisting of the Company will be issued prior to the listing commencing on the Canadian National Stock Exchange ("CNSX").
The Company is in the process of continuing its application for listing on CNSX in connection with the proposed transaction with CINS Holding Limited. Completion of the proposed transaction and the listing on CNSX is subject to a number of conditions, including but not limited to, final acceptance from CNSX and/or regulatory authorities and completion of proposed financing. There can be no assurance that the transaction will be completed as proposed or at all.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: CINS Holding Corp.For further information:
Sam Wang, CEO, CFO, President
CINS Holding Corp.
Tel.: (604) 773-1339