URBAN COMMUNICATIONS INC. ("UBN")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: November 4, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated October 21, 2015, the Bulletin should have read as follows:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 19, 2015:
FIRST TRANCHE:
Number of Shares: 8,502,000 shares
Purchase Price: $0.10 per share
Warrants: 8,502,000 share purchase warrants to purchase 8,502,000 shares
Warrant Exercise Price: $0.20 for a two year period
Number of Placees: 34 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
John A. Farlinger Y 250,000
Leslie Maerov Y 50,000
Michael Schmidt Y 250,000
Aggregate Pro Group Involvement P 190,000
[2 Placees]
Finder's Fee: $5,915 plus 59,150 Finder's Warrants exercisable at $0.20 per share for two years is payable to Canaccord Genuity Corp.
$490 is payable to Nadwin Singh.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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