August 22, 2017 / 12:48 PM / a year ago

BRIEF-Cameo signs LOI to acquire global smartphone reseller Pinot Trading Ltd​

Aug 22 (Reuters) - Cameo Resources Corp

* Cameo signs LOI to acquire global smartphone reseller and developer of blockchain based electronic payment systems

* Cameo Resources Corp - ‍to acquire all of issued and outstanding shares of Pinot Trading Ltd​

* Cameo Resources Corp - ‍at this time, parties continue to negotiate material terms of transaction​

* Cameo Resources Corp - business combination to constitute change of business,arm’s length transaction pursuant to policies of TSX venture exchange

* Cameo Resources Corp - ‍management does not expect that proposed transaction will require shareholder approval of company​

* Cameo Resources Corp - ‍management anticipates that proposed transaction will be subject to sponsorship requirements of exchange​ Source text for Eikon: Further company coverage: (Reporting by Taenaz Shakir)

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