|By Marketwired .||
|April 4, 2014 03:51 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/04/14 -- ZipLocal Inc. (the "Company") (TSX VENTURE: ZIP.H) announced today that it has determined not to proceed with the previously announced private placement and change of business of the Company to an "investment issuer" in accordance with the applicable policies of the Exchange. The proposed private placement and change of business were initially announced by the Company on September 26, 2013 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 April 8, 2014.
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.