/NOT FOR DISSEMINATION IN THE
UNITED STATES OR THROUGH U.S. NEWSWIRES/
Symbol: OUP.P: TSX Venture Exchange
TORONTO, Nov. 26, 2013 /CNW/ - Oriana Resources
Corporation ("Oriana") (TSX-V: OUP.P), a capital pool
company as defined under Policy 2.4 of the TSX Venture Exchange
(the "Exchange" or "TSX-V") announces that its
previously announced plan of arrangement agreement with Colwood
City Centre Limited Partnership ("Colwood") has been
terminated and the proposed business transaction will not
proceed.
Oriana will resume its process of identifying
and evaluating businesses and assets with a view to completing a
potential qualifying transaction pursuant to the TSX-V CPC Policy,
and will make further announcements with respect to these efforts
as soon as practically possible. As a capital pool company,
Oriana is not permitted to carry on any business other than the
identification and evaluation of assets or businesses for the
purpose of completing a qualifying transaction under the TSX-V CPC
Policy. Oriana cannot offer any assurances that a qualifying
transaction will be completed.
Trading Halt
Trading in Oriana Shares on the Exchange is
presently halted, but expected to resume trading on or about
November 28, 2013.
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.
SOURCE Oriana Resources Corporation