VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Charlotte Resources Ltd. ("Charlotte") (CSE:CHT) and Tranzeo Wireless Technologies Inc. ("Tranzeo") (TSX VENTURE:TZT.H) are pleased to announce that the shareholders of Charlotte and the shareholders of Tranzeo each approved the business combination between Charlotte and Tranzeo (the "Transaction") at their respective special shareholders meetings held on May 20, 2014.
Information regarding the Transaction can be found in Charlotte and Tranzeo's joint management information circular and proxy statement at www.sedar.com.
About Charlotte
Charlotte Resources Ltd. is a publicly traded company incorporated in British Columbia and listed on the CSE and trading under the symbol "CHT". Charlotte's only asset is cash.
Further information on Charlotte is available at www.sedar.com.
About Tranzeo Wireless Technologies Inc.
Tranzeo Wireless Technologies Inc. (TSX VENTURE:TZT.H) leads the wireless broadband industry as a premier manufacturer of high-performance wireless network equipment that allows communities and businesses to communicate without boundaries. Tranzeo's full spectrum of point-to-point and point-to-multipoint radios, WiMAX equipment, and mesh network solutions are designed for wireless internet service providers, governments, campuses, military, carriers, enterprise customers, and systems integrators around the globe.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange has in no way passed upon the merits of the Transaction. 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.
Completion of the Transaction is subject to a number of conditions, including CSE acceptance. The Transaction cannot close until all required approvals have been obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.