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USS Uniserve Communications Corporation

0.035
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Uniserve Communications Corporation TSXV:USS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.035 0.025 0.04 0 01:00:00

Uniserve Communications Corporation: $1,000,000 Financing / Appointment of New Officers

04/03/2014 1:01pm

Marketwired Canada


Uniserve Communications Corporation (TSX VENTURE:USS)(the "Company") wishes to
announce it has arranged a $1,000,000 financing comprised of a Convertible
Debenture and offering of 10,000,000 Units by way of a private placement at
$0.05 per unit. The proceeds derived from this financing will be used for
general corporate and development purposes. This transaction is subject to TSX
Venture Exchange approval.


The Convertible Debenture shall bear interest at 15% per annum and may be repaid
by the issuance of shares of the Company at $0.05 per share during year one, and
$0.075 per share during year two.


The Units pursuant to the private placement consist of one common share and one
transferable share purchase warrant. Every two warrants entitle the holder
thereof to purchase one additional common share of the Company at $0.05 per
share for a one year period. A finder's fees may be payable in relation to this
private placement. 


The Company further wishes to announce the appointment of Director Stephen Plant
as Chief Financial Officer of the Company, and Mr. Steve Cozine as the Corporate
Secretary, replacing Mr. Albert Lim who held those roles since December of 2012.
The Company wishes to thank Mr. Lim for his efforts and valued assistance while
acting in those roles and looks forward to continuing to work with him in the
future as part of our accounting team.


Uniserve Communications Corporation (TSX VENTURE:USS) is a leader in the
integration and delivery of voice and data services over multiple IP networks
directly or through wholesale partnerships to businesses and retail consumers
throughout Canada. Learn more at www.uniserve.com or at www.sedar.com. This news
release was prepared on behalf of the Board of Directors, which accepts full
responsibility for its contents.


Joseph Willmott, President & CEO

Neither TSX Venture Exchange nor its Regulations Services Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. Management has prepared this
release and no regulatory authority has approved or disapproved the information
contained herein. The statements contained in this news release that are not
historical facts are forward looking statements. Such statements are based on
management's estimates, assumptions and projections using available information.
Uniserve cautions that actual financial results could differ materially from the
current expectations due to a number of factors.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Uniserve Communications Corporation
Investor & Corporate Relations
604-395-3922
invest@uniserve.com
www.uniserve.com

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