Business
Urbana Corporation Files Final Prospectus
Urbana Corporation Files Final Prospectus
About this update from Urbana Corporation
[{"type":"text","content":"\n\n\n\nNov. 2, 2009 (Canada NewsWire Group) -- TORONTO, Nov. 2 /CNW/ -- Urbana Corporation (\"Urbana\") (TSX: URB/URB.A) is pleased to announce that it has filed a final prospectus with Canadian securities administrators with respect to its previously announced filing of preliminary prospectus and amended and restated preliminary prospectus in connection with the offering of units (\"Units\"). The offering will consist of 10,526,320 Units (the \"Offering\") for gross proceeds of $20,000,008. Each Unit will be priced at $1.90 and will be comprised of one non-voting Class A Share in the capital of Urbana (\"Non-Voting Class A Share\") and one-half of one Series B Non-Voting Class A Share purchase warrant (\"Warrant\"), which will entitle the holder of a whole Warrant to buy at any time up to two years after closing of the Offering, one Non-Voting Class A Share at an exercise price of $2.50. A copy of the prospectus is available at www.sedar.com under Company Profiles - Urbana Corporation.The net proceeds of the Offering will be used for general corporate purposes, including the purchase, directly or indirectly, of additional participations in various securities and derivatives exchanges as the opportunity arises.Blackmont Capital Inc. and National Bank Financial Inc. are co-lead agents for a syndicate that includes BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., Canaccord Capital Corporation and GMP Securities L.P. (the \"Agents\"). Closing of the Offering (\"Closing\") is expected to take place on November 10, 2009 or such other date as Urbana and the Agents may agree. The Agents have been offered an over-allotment option of up to 15% of the securities offered exercisable in whole or in part within 30 days after Closing. This will enable the Agents to purchase additional Non-Voting Class A Shares and Warrants at specified prices to cover over-allotments, if any, for market stabilization purposes.The Toronto Stock Exchange neither approves nor disapproves theinformation contained in this News Release.The securities described herein have not been and will not be registeredunder the United States Securities Act of 1933, as amended, and may notbe offered or sold in the United States absent registration or anapplicabl...