TORONTO, Dec. 23, 2014 /CNW/ - Oriana Resources
Corporation (TSXV: OUP.P) ("Oriana"), a capital pool company
pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4:
Capital Pool Companies (the "CPC Policy"), announces that it has
applied for a transfer of its listing to the NEX board of the
Exchange ("NEX").
The deadline for Oriana to complete its Qualifying Transaction
(as defined in the CPC Policy) is January
5, 2015. Prior to this date, the Corporation must
either complete its Qualifying Transaction or receive the approval
of its shareholders to transfer its listing to NEX. Since the
Corporation has not been able to complete its Qualifying
Transaction to date, the Corporation held its annual general and
special meeting of shareholders on December
12, 2014; at which time, it obtained the necessary
shareholder approval to transfer its listing to NEX and cancel
3,500,000 Seed Shares (as defined by the policies of the Exchange)
held by non-arm's length parties to Oriana.
The Exchange has advised that it has accepted Oriana's
application for a transfer to NEX where it will remain suspended
and that soon after the dissemination of this new release it will
issue a bulletin. The trading symbol for Oriana will change
from OUP.P to OUP.H. Trading in Oriana common shares will
remain suspended as it pursues its Qualifying Transaction with MLM1
Corp., doing business as The Madcap Learning Adventure, as
previously disclosed on July 7,
2014.
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