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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 Secures Financing / $300,000 Unit Private Placement at $0.05 per Unit

19/02/2013 1:01pm

Marketwired Canada


Uniserve Communications Corporation (the "Company") (TSX VENTURE:USS) wishes to
announce that it has secured $650,000 in short-term loans. The funds have been
advanced and are being used for working capital. These loans carry an interest
rate of 12% per annum with interest payable monthly and a share bonus payable of
15% at a deemed price per share of $0.10 per share, for a total share bonus of
975,000 common shares, subject to TSX Venture Exchange approval.


The Company further wishes to announce that it has agreed to raise up to
$300,000 and issue up to 6,000,000 Units at $0.05 per unit, each unit consisting
of one common share and one transferable share purchase warrant. One warrant
will be exercisable for one additional common share at $0.10 per share for a
period of two years. The proceeds of this private placement will be used for
general working capital. This transaction is subject to TSX Venture Exchange
approval.


Uniserve Communications Corporation (TSX VENTURE:USS) is an industry leader in
the integration and delivery of voice, data and cloud computing services to
businesses and retail consumers throughout Canada. For more information about
Uniserve, its products and services please visit www.uniserve.com or
www.uniservecloud.com.


This news release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.


Bruce Sanderson, President

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
invest@uniserve.com
www.uniserve.com

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