CALGARY, Oct. 17, 2013 /CNW/ - Zaio Corporation (TSX-V:ZAO), ("Zaio" or "the Company") is pleased to announce that it has retained Virtus Advisory Group Inc. ("Virtus") to develop and implement a strategic investor relations program, which includes enhancing the Company's exposure among industry stakeholders and investors across Canada.
In connection with the engagement, Virtus has been awarded a consulting contract for a monthly fee of $5,000. In addition, Virtus will be granted incentive stock options to acquire 50,000 common shares of the Company at an exercise price of $0.23 per share. The options shall be subject to regulatory approval, and shall expire 5 years from the date of grant.
The Company's engagement of Virtus is subject to the acceptance of the TSX Venture Exchange. Virtus and Zaio act at arm's length, and the engagement represents Virtus's only direct or indirect interest in the Company or its securities.
Zaio is also pleased to announce that, subject to regulatory approval, it has retained Venture Liquidity Providers Inc. ("VLP") to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by Zaio after 3 months. The Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
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.
About Virtus Advisory Group Inc.
Virtus is a Toronto-based consulting firm, that provides select private and publicly listed companies with business consulting and investor relations services. Virtus specializes in taking a unique and collective approach in bringing all necessary parties together to help clients achieve their capital markets objectives.
About Venture Liquidity Providers Inc.
Venture Liquidity Providers is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange listed stocks. VLP's exclusive market making service is provided by W.D. Latimer Co. Limited, Canada's premier market making firm.
About W.D. Latimer Co. Limited
W.D. Latimer Co. Limited is one of Toronto's most active broker-dealers. With more than 40 proprietary traders and specialist for the Toronto Stock Exchange, an institutional agency desk and private client services. W.D. Latimer Co. Limited is one of Canada's largest proprietary trading firms. For further information on W.D. Latimer Co. Limited, contact Mykal Johncox, Venture Market Making Specialist at (416) 363-1870 or email [email protected].
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.
This press release contains forward looking statements. The Company believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements. In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking statements are made as of the date hereof and unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or revise any forward-looking statements Neither TSXV, CNSX nor their Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Zaio Corporation
For further information:
For further information, visit zaio.com or contact:
President & CEO Zaio Corporation
Virtus Advisory Group Inc.