Urban Select Capital Provides Corporate Update

Vancouver, British Columbia (FSCwire) - Urban Select Capital Corporation (TSX-V: CH) (“Urban Select” or the “Company”) announces that its Board of Directors has approved a proposed shares for debt settlement (the “Shares for Debt Settlement”) with certain creditors, providing for the settlement of an aggregate of $365,000 in debt through the issuance of an aggregate of 7,300,000 common shares of the Company at an issue price of $0.05 per common share.

The Shares for Debt Settlement is subject to approval of the TSX Venture Exchange.

The Company announces the resignation of Shelley Leonhardt from the board of directors.  Shelley joined the board in October of 2017 and is leaving Urban Select to pursue other endeavours.  The Company would like to thank Shelley for her service and wishes her the best in the future.

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

Director and Chief Financial Officer

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 original release, please click here

Source: Urban Select Capital Corp. (TSX Venture:CH)

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