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URB.A Urbana Corporation

4.80
0.05 (1.05%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Urbana Corporation TSX:URB.A Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 1.05% 4.80 4.75 4.80 4.80 4.75 4.79 16,234 21:00:02

Urbana Corporation Acquires Final Tranche of CNSX Markets Inc.

21/03/2013 7:49pm

Marketwired Canada


Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

On March 4, 2013, Urbana Corporation and CNSX Markets Inc. ("CNSX") completed
the second tranche of a financing, the first tranche of which was announced on
December 17, 2012. 


The transaction raised a total of $3.2 million for CNSX. Current shareholders,
employees, officers, directors and strategic third parties participated in the
offering, which was led by Urbana. As a result of the transaction, Urbana is
CNSX's largest shareholder.


With the proceeds of the financing, CNSX has eliminated its long term debt, is
enhancing its sales and marketing efforts and has embarked on a capital
investment programme designed to deliver new trading services and reduce
technology and network costs for the company and its dealer and vendor partners.



"With the support of our existing and new shareholders, CNSX is building on its
growing reputation as the Exchange for Entrepreneurs", said Richard Carleton,
CEO of CNSX. "Our service-oriented team, clear and concise rule book,
streamlined issuer review process and attractive fee structure combine to make
CNSX an excellent choice for companies looking to access the Canadian public
capital markets."


"Urbana Corporation welcomes this opportunity to participate in the development
of CNSX to assist entrepreneurs in developing the next generation of innovative
Canadian corporations", said Thomas Caldwell, CEO of Urbana Corporation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Urbana Corporation
Thomas S. Caldwell
CEO
416-595-9106
416-862-2498 (FAX)
www.urbanacorp.com


CNSX Markets
Richard Carleton
CEO
416-572-2000 ext. 2326

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