/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
TORONTO, June 14 /CNW/ - ZipLocal Inc. (TSX Venture: ZIP, the
"Corporation") would like to correct information contained in the news release
issued earlier today in connection with its best efforts private placement
offering of special warrants.
GMP Securities L.P. will act as lead agent in connection with the private
placement, and Orion Securities Inc., Canaccord Securities Inc. and Cormark
Securities Inc. will act as members of the investment dealer syndicate (not
selling group members as previously announced).
The securities offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.
About ZipLocal Inc.
ZipLocal Inc. (www.ziplocal.com; TSX Venture: ZIP) is a local business
directory that connects buyers and sellers through an intuitive and
user-defined interface. It collects and maintains a database of more than 1
million Canadian businesses and attracts an average of more than 1 million
visitors per month.
Forward looking statement
This press release contains statements that are forward-looking in
nature. Statements preceded by the words believe, expect, anticipate, plan,
intend, continue, estimate, may, will, and similar expressions are
forward-looking statements. Forward-looking statements are based on the
Corporation's beliefs and assumptions based on information available at the
time the assumption was made. Forward-looking statements relate to, among
other things, anticipated financial performance, business prospects,
strategies, regulatory developments, new services, market forces, commitments
and technological developments, relating to the Corporation. By its nature,
such forward-looking information is subject to various risks and uncertainties
which could cause the Corporation's actual results and experience to differ
materially from the anticipated results or other expectations expressed.
Readers are cautioned not to place undue reliance on this forward-looking
information, which is given as of the date it is expressed in this document,
and the Corporation undertakes no obligation to update publicly or revise any
forwardlooking information, whether as a result of new information, future
events or otherwise.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
For further information:
For further information: Michelle Fanning, ZipLocal Inc., Email:
firstname.lastname@example.org, Phone: (416) 987-2353