Zaio Corporation

Zaio Corporation

June 14, 2012 07:00 ET

Zaio Announces Conditional Approval for Listing on TSX Venture Exchange

CALGARY, ALBERTA--(Marketwire - June 14, 2012) - Zaio Corporation (CNSX:ZAO) (the "Company") today announced that it has received conditional approval to list its common shares for trading on the TSX Venture Exchange ("TSXV") under the symbol "ZAO" and has filed a copy of its listing application dated June 13, 2012 on SEDAR. Listing is subject to receipt of final approval by the TSXV. For more information including a copy of the Company's listing statement, please refer to the Company's public documents available on SEDAR (

In conjunction with the proposed listing, the Company will consolidate its common shares prior to commencement of trading on the TSXV on the basis of one consolidated common share for each four pre-consolidated common shares. The share consolidation was approved by shareholders at the Company's annual and special meeting held on December 2, 2011.

Shareholders will be notified of the date of the consolidation and the date the common shares will commence trading on the TSXV in due course and registered shareholders will be provided with a letter of transmittal for exchanging their share certificates for new share certificates representing the consolidated common shares. On a post consolidated basis, the Company will have approximately 32,536,033 common shares outstanding.

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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. The Company's products are available in the United States through its Licensee, Zone Data Systems LLC.

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 including statements as to the proposed trading on the TSXV and the proposed share consolidation and the timing thereof. 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 including that the timing of the trading on the TSXV and the consolidation is uncertain. 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.

Contact Information

  • Zaio Corporation
    David King
    President & CEO
    (403) 984-ZAIO

    Genoa Management Ltd.
    John Sadler
    (416) 594-9292