Oriana Resources Corporation announces transfer to NEX and cancellation of seed shares

TORONTO, Dec. 23, 2014 /CNW/ - Oriana Resources Corporation (TSXV: OUP.P) ("Oriana"), a capital pool company pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4: Capital Pool Companies (the "CPC Policy"), announces that it has applied for a transfer of its listing to the NEX board of the Exchange ("NEX").

The deadline for Oriana to complete its Qualifying Transaction (as defined in the CPC Policy) is January 5, 2015.  Prior to this date, the Corporation must either complete its Qualifying Transaction or receive the approval of its shareholders to transfer its listing to NEX.  Since the Corporation has not been able to complete its Qualifying Transaction to date, the Corporation held its annual general and special meeting of shareholders on December 12, 2014; at which time, it obtained the necessary shareholder approval to transfer its listing to NEX and cancel 3,500,000 Seed Shares (as defined by the policies of the Exchange) held by non-arm's length parties to Oriana.

The Exchange has advised that it has accepted Oriana's application for a transfer to NEX where it will remain suspended and that soon after the dissemination of this new release it will issue a bulletin.  The trading symbol for Oriana will change from OUP.P to OUP.H.  Trading in Oriana common shares will remain suspended as it pursues its Qualifying Transaction with MLM1 Corp., doing business as The Madcap Learning Adventure, as previously disclosed on July 7, 2014.

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. 

SOURCE Oriana Resources Corporation

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