URBAN COMMUNICATIONS INC. ("UBN")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: November 17, 2017
TSX Venture Tier 2 Company
The TSX Venture Exchange (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement dated August 31, 2017 (the "Arrangement Agreement") entered into between Urban Communications Inc. ("Urban") and ACME Communications Canada, Inc. ("ACME") pursuant to which ACME agreed to acquire all of the issued and outstanding shares of Urban by way of a statutory plan of arrangement (the "Arrangement"). Under the Arrangement, Urban shareholders received $0.07 per share for each Urban share held.
The Exchange has been advised that approval of the Arrangement by securityholders of Urban was received at a special meeting of the securityholders held on October 31, 2017 and that approval of the Arrangement was received from the Supreme Court of British Columbia on November 2, 2017. The full particulars of the Arrangement are set forth in Urban's information circular (the "Circular") dated September 29, 2017, which is available under Urban's profile on SEDAR. Urban securityholders should refer to the Circular for a summary of the procedures regarding the exchange of Urban securities for the consideration to which they are entitled under the Arrangement.
Delisting:
In conjunction with the closing of the Arrangement, the common shares of Urban will be delisted from the Exchange. Accordingly, effective at the close of business, Friday, November 17, 2017 the common shares of Urban will be delisted.
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