Uniserve Communications Corporation: Closing of $0.05 Unit Private Placement

Uniserve Communications Corporation: Closing of $0.05 Unit Private Placement
  
 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 5, 2014) - Uniserve Communications Corporation (the "Company") (TSX-VENTURE:USS) wishes to announce that it has completed its previously announced private placement (see press releases dated March 4, 2014 and May 29, 2014) of 6,000,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of $300,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Every two Warrants surrendered entitles the holder to purchase one additional common share of the Company (a "Share") for a period of one year, expiring June 5, 2015, at the exercise price of $0.05 per. The Company confirms the proceeds derived from this financing remains for the intended use of general corporate and development purposes and that no finder's fee was payable pursuant thereto.

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.

Uniserve Communications CorporationInvestor & Corporate [e-mail]