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QAI.P Cairo Resources Ltd

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cairo Resources Ltd TSXV:QAI.P TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Cairo Announces Transfer to NEX Board

07/05/2014 4:07pm

Marketwired Canada


Cairo Resources Inc. (TSX VENTURE:QAI.P) ("Cairo" or the "Company") announces
that it continues to work toward completion of its previously announced
qualifying transaction with Socialitize Limited. However given that the Company
has exceeded its 24 month deadline to complete a QT, including extended
deadlines, the TSX Venture Exchange ("TSXV") has required the Company to
transfer its listing from the Tier 2 board of the TSXV to the NEX board.


At an annual and special meeting of its shareholders held on November 27, 2013,
the Company received majority disinterested shareholder approval to transfer to
the NEX board; and conditional upon listing on the NEX board, to cancel
1,000,001 common shares held in escrow. The Company has made application to the
TSXV for transfer to NEX which has been accepted, and the TSXV has advised that
it will be issuing a bulletin shortly after this news release is disseminated.
The Company's trading symbol will change from "QAI.P" to "QAI.H". There will be
no change to its CUSIP number. The Company's shares will remain suspended from
trading pending completion of the qualifying transaction with Socialitize
Limited, or a termination of the transaction subject to the satisfactory review
by the TSXV of an application from the Company.


Kal Malhi, President, CEO and Director

NEITHER THE 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.


Statements in this press release relating to the completion of the proposed
acquisition of Socialitize Limited, including completion of the concurrent
financings, may be "forward-looking statements" or "forward-looking information"
under applicable securities laws. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of
Cairo Resources Inc. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's plans or expectations include
market prices; availability of capital and financing; general economic, market
or business conditions; receipt of necessary minority shareholder approvals;
receipt of and timeliness of government or regulatory approvals; regulatory
changes; and other risks detailed herein and from time to time in the filings
made by the Company with securities regulators. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cairo Resources Inc.
604-646-1553

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