Urban Select Arranges Private Placement
Vancouver, British Columbia (FSCwire) - Urban Select Capital Corporation (TSXV: CH) (the “Company” or "Urban Select") plans to arrange a non-brokered private placement of up to 4 million shares at the price of five cents for total proceeds of up to $200,000.
Finders' fees may be payable in connection with the offering, and those qualified persons involved as finders will receive a cash fee of up to 8 percent of the proceeds raised.
Urban Select intends to use the proceeds raised from the private placement for general working capital purposes.
All securities issued under the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to all necessary regulatory approvals, including from the TSX Venture Exchange.
ABOUT URBAN SELECT
Urban Select Capital Corporation is a listed investment issuer focused on investing growth capital into private and public companies in a broad range of sectors including Fintech, Resources healthcare and consumer industries. Urban Select's management team is composed of investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and fund management in Canada, China and the U.S.
For further information, please contact:
David Yoo
Chief Financial Officer and Managing Director
Urban Select Capital Corporation
Telephone: (604) 689-0618
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/UrbanSelect01262018.pdf
Source: Urban Select Capital Corp. (TSX Venture:CH)
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