Business
Urbana Corporation Files Preliminary Short Form Prospectus
Urbana Corporation Files Preliminary Short Form Prospectus.
About this update from Urbana Corporation
[{"type":"text","content":"\n\n\n\nTSX Venture: URB\n\n\nTORONTO, Dec. 1 /CNW/ - Urbana Corporation (\"Urbana\") (TSX Venture: URB)\nis pleased to announce that it has filed a preliminary short form prospectus\nproviding for the offering of units (\"Units\"), subject to regulatory approval.\nEach Unit is comprised of one non-voting Class A share (\"Non-Voting Class A\nShare\") in the capital of Urbana and one-half of one Non-Voting Class A Share\npurchase warrant (\"Warrant\"). Each whole Warrant will entitle the holder to\npurchase one Non-Voting Class A Share at a price to be specified for a period\nof two years from the closing date of the offering. The Units will separate\ninto Non-Voting Class A Shares and Warrants immediately upon Closing.\n\n\nThe net proceeds of the Offering will be used to purchase additional\nparticipations in various stock exchanges as the opportunity arises and for\ngeneral corporate purposes.\n\n\nBlackmont Capital Inc. (\"Blackmont\"), as lead agent for a syndicate\nincluding Canaccord Capital Corporation, Raymond James Ltd. and Wellington\nWest Capital Markets Inc., has entered into an engagement letter with Urbana\nin connection with the offering.\n\n\nCaldwell Investment Management Ltd., which acts as investment manager for\nUrbana, is wholly owned by Caldwell Financial Ltd. (\"Caldwell Financial\").\nCaldwell Financial owns 40% of Urbana's common shares and is controlled by\nThomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially\nowns directly or indirectly 950,927 common shares of Urbana and exercises\ncontrol or direction over the 4,000,000 common shares of Urbana owned by\nCaldwell Financial through his interest in Caldwell Financial. In total,\nThomas S. Caldwell owns and exercises control or direction over approximately\n49.5% of Urbana's common shares.\n\n\nThis press release has not been reviewed by the TSX Venture Exchange and\n\n\nthe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\nThis press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy nor shall there be any sale of the Units in\nany jurisdiction in which such offer, solicitation or sale would be unlawful.\n\n\n","length":2279,"tagName":"div"}]