Aug 22 (Reuters) - Cameo Resources Corp CRU.V
* Cameo signs LOI to acquire global smartphone reseller and developer of blockchain based electronic payment systems
* Cameo Resources Corp - to acquire all of issued and outstanding shares of Pinot Trading Ltd
* Cameo Resources Corp - at this time, parties continue to negotiate material terms of transaction
* Cameo Resources Corp - business combination to constitute change of business,arm's length transaction pursuant to policies of TSX venture exchange
* Cameo Resources Corp - management does not expect that proposed transaction will require shareholder approval of company
* Cameo Resources Corp - management anticipates that proposed transaction will be subject to sponsorship requirements of exchange