Zoolander Corporation
TSX VENTURE : ZOO.H

March 06, 2008 13:46 ET

Zoolander Corporation: Update on Proposed Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - March 6, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zoolander Corporation (TSX VENTURE:ZOO.P) announced today that it has determined that it will not be pursuing the transactions announced by press release dated August 15, 2007 and December 20, 2007.

Zoolander has requested the TSX-V reinstate trading in its common shares as soon as possible and will continue its search for opportunities to constitute its Qualifying Transaction in accordance with TSX-V rules. Trading is expected to resume on Monday March 10, 2008.

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Zoolander cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Zoolander currently foresees. Discussion of the various factors that may affect future results is contained in the company's recent filings, available on SEDAR.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Zoolander Corporation
    Orest Zajcew
    Chief Financial Officer and Secretary
    (416) 488-8825