TORONTO, Aug. 22, 2016 /CNW/ - Oriana Resources Corporation (NEX: OUP.H) ("Oriana"), a capital pool company pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4: Capital Pool Companies, and listed on the NEX board of the Exchange, today announced that it is no longer proceeding with its previously announced proposed qualifying transaction with Graphene Lighting PLC.
Oriana will continue the process of identifying and evaluating assets and businesses with the intention of acquiring same to constitute a proposed qualifying transaction to enable Oriana to list on the Exchange as a Tier 1 or Tier 2 issuer. Particulars relating to any proposed qualifying transaction will follow in accordance with the policies of the Exchange in future press releases.
Oriana applied for the reinstatement of trading of its common shares and the Exchange has advised that Oriana's common shares are scheduled to re-commence trading on NEX under the symbol OUP.H at the opening of trading on August 23, 2016.
Neither the 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.
SOURCE Oriana Resources Corporation
For further information: Oriana Resources Corporation: Richard Buzbuzian, Chief Executive Officer, Telephone: 647-501-3290, Email: firstname.lastname@example.org