VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/14/13 -- NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Kramer Capital Corp. (the "Corporation" or "Kramer") (TSX VENTURE: KRM.P), a capital pool company pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4 - Capital Pool Companies (the "CPC Policy"), wishes to announce the anticipated transfer of its listing to the NEX board of the Exchange (the "NEX") effective May 22, 2013 subject to Exchange review and acceptance of an application for the transfer to NEX.
The deadline for Kramer to complete its Qualifying Transaction (as defined in the CPC Policy) is May 21, 2013. Prior to this date, the Corporation must either complete its Qualifying Transaction or receive the approval of its shareholders for the transfer of its listing to the NEX. As the Corporation has been unable to complete a Qualifying Transaction to date, the Corporation held its annual and special meeting of shareholders on May 14, 2013 at which time, pursuant to the CPC Policy, it received approval to transfer its listing to the NEX and to cancel 575,000 Seed Shares (as defined by the Exchange) held by certain non-arms length parties to Kramer.
If the application is accepted by the Exchange, as of May 22, 2013, the trading symbol for the Corporation will change from "KRM.P" to "KRM.H". No further news release will be issued as the Exchange will issue a bulletin if the transfer to NEX is accepted.
Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Neither 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.
Kramer Capital Corp.
Brian E. Bayley, President, Chief Executive Officer, Chief
Financial Officer, Corporate Secretary and Director
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