/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
CALGARY, Feb. 6, 2014 /CNW/ - Zaio Corporation (TSXV: ZAO) (the "Company") is pleased to announce that it is making an application to the TSX
Venture Exchange (the "Exchange") for the extension of the expiry dates of outstanding share purchase
warrants ("Warrants") issued as part of the Company's private placement of Units which
closed in two tranches on February 21, 2012 and March 19, 2012. The
Warrants currently expire on February 21, 2014 and March 19, 2014,
respectively, and the Company intends to extend the expiry date to June
30, 2015. All other terms of the Warrants shall remain unchanged.
Following the share consolidation completed by the Company on June 22,
2012 on the basis of one post-consolidated common share for every four
pre-consolidation common shares outstanding, the Warrants are
exercisable at four Warrants for one common share at an exercise price
of $0.52 per share. Pursuant to the policies of the Exchange, Warrants
issued to brokers, agents or finders may not be amended. Insiders of
the Corporation hold 1.49% of the Warrants. The extension of the
Warrants remains subject to Exchange approval.
About Zaio Corporation
Zaio provides customers in the property valuation, underwriting and
lending industries with real-time access to certified appraisal reports
from the company's patented database of proactively maintained
residential property valuations prepared by licensed appraisers across
the United States. Visit the company online at zaio.com.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities of the Company will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
and may not be offered or sold within the United States or to, or for
the account or benefit of U.S. persons except in certain transactions
exempt from the registration requirements of the U.S. Securities Act.
Neither 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.
This release may contain forward-looking statements. Actual results
could differ materially from those described in this news release as a
result of various factors, including, but not limited to the timing of
and the ability to obtain regulatory approvals. The Company cautions
that these and similar statements involve risk and uncertainties and
are qualified by important factors, including the risk that the Company
will not obtain required approval, that could cause actual results to
differ materially from those in the forward looking statements.
Forward-looking statements are made in the context of information
available as of the date stated. The Company undertakes no obligations
to update or revise such statements to reflect new circumstances or
unanticipated events as they occur, unless required by applicable law.
SOURCE: Zaio Corporation
For further information:
visit www.zaio.com or contact:
President & CEO Zaio Corporation
Virtus Advisory Group Inc.