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VANCOUVER, BC--(Marketwired - October 19, 2015) - Urban Communications Inc. (TSX VENTURE: UBN) is pleased to announce that, subject to regulatory approval, the Company has closed the first tranche of a non-brokered private placement, raising $850,200, and the Company will issue 8,502,000 Units at a price of $0.10 per Unit. The funds raised will be used for capital projects and working capital during the next 12 months. Management has participated in the private placement to the extent of $78,000. |
