Watusi Capital Corp.

TSX VENTURE : WAS.P


April 28, 2014 18:24 ET

Watusi Capital Corp. Announces Transfer to NEX and Cancellation of Certain Seed Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 28, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Watusi Capital Corp. (the "Corporation" or "Watusi") (TSX VENTURE:WAS.P), a capital pool company pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4 - Capital Pool Companies (the "CPC Policy"), wishes to announce the transfer of its listing to the NEX board of the Exchange (the "NEX") effective April 29, 2014.

The deadline for Watusi to complete its Qualifying Transaction (as defined in the CPC Policy) is April 28, 2014. Prior to this date, the Corporation must either complete its 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 April 22, 2014 at which time, pursuant to the CPC Policy, it received approval to transfer its listing to the NEX and to cancel 2,500,000 Seed Shares (as defined by the Exchange) held by certain non-arm's length parties to Watusi.

As of April 29, 2014, the trading symbol for the Corporation will change from "WAS.P" to "WAS.H".

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.

Contact Information

  • Watusi Capital Corp.
    Michael Atkinson
    President, Chief Executive Officer,
    Chief Financial Officer, Corporate Secretary and Director
    (604) 689-1428