TORONTO, ONTARIO--(Marketwired - June 1, 2015) - ZipLocal Inc. (the "Company") (NEX:ZIP.H) announced today that it will not be proceeding with the previously announced reverse takeover transaction with Enthrive Inc. (the "Proposed Reverse Takeover Transaction"). The Proposed Reverse Takeover Transaction was initially announced by the Company on July 11, 2014 and trading of the common shares of the Company has been halted since that date.
The directors and officers of the Company intend to seek out new opportunities considered to be in the best interests of the Company and its shareholders.
It is anticipated that the common shares of the Company will resume trading on the NEX Board of the Exchange on or about June 2, 2015.
About ZipLocal Inc.
ZipLocal Inc. is listed on the NEX Board of the TSX Venture Exchange.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION 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:
Kevin Dane
President
(416) 361-4771
kdane@wildlaw.ca