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Remo Resources Closes IPO

Remo Resources Inc. (RER.V) has closed its initial public offering of 4,000,000 common shares at a price of $0.20 per common share, for aggregate gross proceeds of $800,000.

Proceeds will go to Remo's Adrian Property, as described in the company's prospectus.

The company's common shares were listed on the TSX Venture Exchange under the trading symbol RER effective at market open today, subject to an immediate halt.

The company expects the halt to be lifted at market open on Wednesday, January 2, 2013.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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