Zaio debentureholders oppose meeting results in court

Zaio Corp (2) (C:ZAO)
Shares Issued 189,837,072
Last Close 6/15/2016 $0.14
Wednesday June 15 2016 - News Release

Mr. Shane Copeland reports

ZAIO CORPORATION PROVIDES UPDATE ON APPROVED DEBENTURE CONVERSION

A group of holders of 10-per-cent secured, redeemable, convertible debentures of Zaio Corp. have commenced legal proceedings against Zaio in the Court of Queen's Bench of Alberta disputing the results of the May 25, 2016, meeting of the holders of debentures.

Zaio intends to vigorously defend against all allegations raised in respect of the meeting. As the matter is now before the court, Zaio will make no further statements regarding the matter unless and until a decision is reached by the court, or a settlement is reached.

We seek Safe Harbor.

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