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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 4, 2014) - Urban Communications Inc. (TSX VENTURE:UBN) is pleased to announce that it has closed a second and third tranche of a non-brokered convertible debenture private placement. These tranches have raised $1,273,000, which together with the first tranche of $1,227,000 that closed on September 30, 2014, have raised a total of $2,500,000, which is the maximum authorized by the board of directors. The private placement was announced on August 14, 2014, and the TSX Venture Exchange granted conditional approval to raise a minimum of $1,000,000 and a maximum of $2,500,000. |
