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| Home : Urbanimmersive Technologies Announces a $500,000 Financing Through a Non-Brokered Private Placement of Common Shares and a Convertible Debenture and the Entering Into a Loan Agreement |
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Oct 17
2014 |
Urbanimmersive Technologies Announces a $500,000 Financing Through a Non-Brokered Private Placement of Common Shares and a Convertible Debenture and the Entering Into a Loan Agreement |
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MONTREAL, CANADA--(Marketwired - Oct. 16, 2014) - Urbanimmersive Technologies Inc. (the "Corporation" or "Urbanimmersive") (TSX VENTURE:UI) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $400,000 (the "Offering") and the entering into of an unsecured loan agreement with a Canadian banking institution for an amount of $100,000 (the "Loan"), for total gross proceeds of $500,000. Pursuant to the Offering, the Corporation expects to issue 1,500,000 common shares of Urbanimmersive (the "Common Shares") at the price of $0.10 per Common Share and a subordinated secured convertible debenture (the "Debenture") in the principal amount of $250,000. The Offering and the Loan are referred to as the "Financing". |
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| Source:http://www.marketwired.com/mw/release.do?id=1958555&sourceType=3 |
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