Urban Select Capital Announces $1,000,000 Financing

Vancouver, British Columbia (FSCwire) - Urban Select Capital Corporation (TSX-V: CH) (“Urban Select” or the “Company”) announces a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.10 per unit for gross proceeds of up to $1,000,000.

Each unit comprises one common share and one common share purchase warrant (“Warrant”).  Each whole Warrant will entitle the holder to purchase one additional common share for a period of one (1) year at a price of $0.15 per common share.

Urban will use the net proceeds of the offering for investments and general working capital purposes.

Final closing of this offering is subject to TSX Venture Exchange approval.

About Urban Select Capital Corp.

Urban Select Capital Corp. is an investment issuer focused on investing growth capital in private and public companies in a broad range of sectors including natural resources, media & entertainment, education, healthcare and consumer retail services.  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

Phone: 604-689-0618

To view the original release, please click here

Source: Urban Select Capital Corp. (TSX Venture:CH, FWB:1QD)

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