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USS Uniserve Communications Corporation

0.03
0.00 (0.00%)
24 May 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% 0.03 0.03 0.045 0 20:59:59

Uniserve Communications Corporation: Update on $1,000,000 Financing / $0.05 Unit Private Placement

29/05/2014 6:36pm

Marketwired Canada


Uniserve Communications Corporation (TSX VENTURE:USS) (the "Company") wishes to
provide an update to the information set out in its Press Release dated March 4,
2014 and is pleased to announce that it has received TSX Stock Exchange ("TSX")
approval to its Convertible Debenture bearing interest at 15% per annum which
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 Company further wishes to advise that the $0.05 Unit private placement
forming part of the $1,000,000 financing announced March 4, 2014, is now being
offered at a total of 6,000,000 Units, reduced from its initial 10,000,000 Unit
offering. The remaining terms of the offer remain unchanged in that the Units
are offered at $0.05 per Unit with each Unit comprised of one common share and
one transferrable share purchase warrant with every two warrants surrendered
entitling the holder to purchase one additional common share of the Company for
a one year period at $0.05 per share. The proceeds derived from this financing
remain for the intended use of general corporate and development purposes. This
transaction remains subject to TSX Venture Exchange approval.


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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