Business NewsMarketWire • Zoolander Corporation: Update on Proposed Qualifying Transaction and Granting of Stock Options

Zoolander Corporation: Update on Proposed Qualifying Transaction and Granting of Stock Options

Zoolander Corporation: Update on Proposed Qualifying Transaction and Granting of Stock Options

TORONTO, ONTARIO--(Marketwire - March 31, 2011) - Zoolander Corporation ("Zoolander" or the "Corporation") (TSX VENTURE:ZOO.H) is pleased to announce that the TSX Venture Exchange Inc. (the "Exchange") has conditionally accepted the acquisition of all of the issued and outstanding shares of Adsani Exploration (Proprietary) Limited ("Adsani") as Zoolander's qualifying transaction pursuant to the policies of the Exchange (the "Qualifying Transaction"). Final approval of the Exchange is subject to Zoolander fulfilling all of the requirements of the Exchange.

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Zoolander Corporation: Update on Proposed Qualifying Transaction and Granting of Stock Options