URBAN COMMUNICATIONS INC. ("UBN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Aug 24, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Jun 08, 2016:
Number of Shares: 13,780,000 shares
Purchase Price: $0.10 per share
Warrants: 13,780,000 share purchase warrants to purchase 13,780,000 shares
Warrant Initial Exercise Price: $0.20
Warrant Term to Expiry: 2 Years
Number of Placees: 15 Placees
Insider / Pro Group Participation:
Insider=Y /
Name Pro-Group=P # of Shares
Richard Earle Y 173,700
Richard J. Earle & Pamela R. Davenport Family Trust Y 250,000
Richard J. Earle
Aasim Saied Y 1,094,300
Finder's Fee:
Nathan Bierbrier $35,000.00 cash; 350,000 warrants
Westcourt Capital Corporation $39,900.00 cash; 399,000 warrants
Finder Warrant Initial Exercise Price: $0.20
Finder Warrant Term to Expiry: Expiry 2 years from closing date
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantees the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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