Business
Urbana Corporation Prices Unit Offering
Urbana Corporation Prices Unit Offering.
About this update from Urbana Corporation
[{"type":"text","content":"\n\n\n\nThis press release shall not constitute an offer to sell or the\n\n\nsolicitation of an offer to buy nor shall there be any sale of the Units\n\n\nin any jurisdiction in which such offer, solicitation or sale would be\n\n\nunlawful.\n\n\nTSX Venture: URB\n\n\nTORONTO, Dec. 18 /CNW/ -Urbana Corporation (\"Urbana\") (TSX Venture: URB)\nis pleased to announce the pricing for the offering of units (\"Units\"), which\nUrbana announced on November 30, 2006. Each Unit, comprised of one non-voting\nClass A share (\"Class A Share\") and one-half of one Class A Share purchase\nwarrant (\"Warrant\") will be priced at $3.10 per Unit. Each whole Warrant will\nentitle the holder to purchase one Class A Share at $3.75 for a period of two\nyears from the Closing. The Units will separate into Class A Shares and\nWarrants immediately upon Closing. The Class A Shares and Warrants have been\nconditionally listed on the Toronto Stock Exchange. A copy of the preliminary\nprospectus and the final prospectus in respect of the Offering are available\nby contacting Susan Bartholomew at Blackmont Capital at 181 Bay Street, BCE\nPlace, Suite 900, P.O. Box 779, Toronto, Ontario M5J 2T3 or on SEDAR at\nwww.sedar.com.\n\n\nThe Offering will be for a minimum of 6,451,700 Units and a maximum of\n16,129,100 Units for a minimum of $20 million and a maximum of $50 million.\nThe Agents have been granted an over-allotment option of up to 15% of the\nmaximum offering.\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\nA syndicate led by Blackmont Capital Inc. (\"Blackmont\"), and including\nCanaccord Capital Corporation, Raymond James Limited and Wellington West\nCapital Markets Inc., has entered into an agency agreement with Urbana in\nconnection with the offering. Urbana has filed a final prospectus in\nconnection with the offering.\n\n\nCaldwell Financial Ltd. (\"Caldwell Financial\") owns 40% of Urbana's\ncommon shares and is controlled by Thomas S. Caldwell, the President of\nUrbana. Thomas S. Caldwell beneficially owns directly or indirectly 950,927\ncommon shares of Urbana and exercises control or direction over the 4,000,000\ncommon shares of Urbana owned by Caldwell Financial through his interest in\nCaldwell Financial...