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| Home : Urbanimmersive Inc. Announces an Issue of Shares for Debt |
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Dec 08
2015 |
Urbanimmersive Inc. Announces an Issue of Shares for Debt |
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MONTREAL, QUEBEC--(Marketwired - Dec. 7, 2015) - Urbanimmersive Inc. (TSX VENTURE:UI) (the "Corporation") announces, subject to the TSX Venture Exchange's approval and the approval of any other regulatory authority, that it will issue 525,912 common shares, at a price of $0.08 per common share, in settlement of a debt totaling $42,173 in favour of 9088-1020 Québec Inc. The Corporation is proposing to issue the common shares in order to preserve its cash assets. The common shares issued for debt will subject to a hold period of four months following their issuance. |
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| Source:http://www.marketwired.com/mw/release.do?id=2079878&sourceType=3 |
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