Urbanimmersive Technologies Announces a Non-Brokered Private Placement of Common Shares and Convertible Debentures

Urbanimmersive Technologies Inc. (the "Corporation" or "Urbanimmersive") (TSX
VENTURE:UI) is pleased to announce that it intends to complete a non-brokered
private placement to raise gross proceeds of up to $350,000 (the "Offering").
Pursuant to the Offering, the Corporation will issue common shares of
Urbanimmersive (the "Common Shares") at the price of $0.15 per Common Share and
subordinated secured convertible debentures (the "Debentures") at face value.
The mix between Common Shares and Debentures will be determined based on actual
subscription received.


Each Debenture will have a maturity date of 60 months from the closing of the
Offering and will not bear interest. The Debentures will be convertible into
Common Shares, at the option of the holder, at any time prior to the maturity
date at the conversion price of $0.15 per Common Share. The Debentures may be
redeemed at the option of the Corporation at any time from the date of issuance
with 30 days advance notice provided that the volume weighted average trading
price of the Common Shares on the TSX Venture Exchange on the 20 consecutive
trading days ending on the fifth trading day preceding the date on which the
notice of redemption is given is not less than $0.25. The holder will have 30
days after the Corporation provides notice of redemption to convert all or part
of the Debentures into Common Shares. The Debentures will be secured by the
granting of a security interest over the Corporation's assets subordinated to
that of the Corporation's bank debt. 


The Offering is expected to close on or about July 18, 2014, and is subject to
applicable regulatory approvals, including approval of the TSX Venture Exchange.
All securities issued in the context of the Offering will be subject to a four
months and one day hold period. The net proceeds from the Offering will be used
for market research, sales and marketing initiatives and for working capital
purposes. 


''We are pleased to complete this financing that will allow us to proceed, in
the coming days, with the first test phase of our international expansion
strategy, which we have been working on since the beginning of the year. Based
on the results obtained, we'll be able to better assess the potential market
outside Quebec for our immersive technology and the funding needed to support
the expansion initiative.'' said Ghislain Lemire, President and Chief Executive
Officer of Urbanimmersive. 


About Urbanimmersive 

Based in Laval, Urbanimmersive is a leading-edge digital media company that uses
innovative patent pending technology for the development and commercialization
of its suite of web products and services in the real estate brokerage and new
home construction markets. 


For more information, visit Urbanimmersive website www.urbanimmersive.com. 

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States or to any U.S. Persons.
The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended, or the securities laws of any state of the
United States of America and may not be offered or sold within the United States
of America or its territories or possessions unless pursuant to an exception
therefrom. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. 


Caution on Forward-Looking Statements 

Certain statements made in this press release that are not historical facts are
forward-looking statements and are subject to important risks, uncertainties and
assumptions. The results or events predicted in these forward-looking statements
may differ materially from actual results or events. As a result, readers are
cautioned not to place undue reliance on these forward-looking statements. For
additional information with respect to certain of these and other assumptions
and risk factors, please refer to the Corporation's management proxy circular
dated February 20, 2014, and filed with the Canadian securities commissions. The
forward-looking statements contained in this press release represent our
expectations as of the date hereof. We disclaim any intention and assume no
obligation to update or revise any forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Urbanimmersive Technologies Inc.
Ghislain Lemire
President and CEO
514-394-7820
[e-mail]