Quartet Resources Limited
TSX VENTURE : QRL.P

December 11, 2014 13:04 ET

Quartet Resources Limited Announces Transfer to NEX and Cancellation of Certain Seed Shares

CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Quartet Resources Limited (TSX VENTURE:QRL.P) (the "Corporation") a capital pool company ("CPC") pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4 - Capital Pool Companies (the "CPC Policy"), wishes to announce the deadline for the Corporation to complete its Qualifying Transaction (as defined in the CPC Policy) is December 11, 2014. Prior to this date, the Corporation must either complete a Qualifying Transaction or receive the approval of its shareholders for the transfer of its listing to the NEX. As the Corporation has been unable to complete a Qualifying Transaction to date, the Corporation held its annual and special meeting of shareholders on December 5, 2014 at which time, pursuant to the CPC Policy, it received approval to transfer its listing to the NEX and to cancel an aggregate of 3,550,000 Seed Shares (as defined by the Exchange) held by Non Arm's Length Parties of the CPC(including the officers, directors, insiders and control persons of the Corporation).

The Corporation applied for a transfer to NEX and the Exchange has advised that it has accepted the application and soon after the dissemination of this news release it would issue an Exchange bulletin. The trading symbol for the Corporation will change from "QRL.P" to "QRL.H".

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Acquisition and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Contact Information

  • Quartet Resource Limited:
    Lord Simon Reading
    President and CEO
    Telephone: +44 77 9614-4765