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| Home : Urbanimmersive Technologies Announces the Closing of a $500,000 Financing |
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Oct 23
2014 |
Urbanimmersive Technologies Announces the Closing of a $500,000 Financing |
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MONTREAL, QUEBEC--(Marketwired - Oct. 23, 2014) - Urbanimmersive Technologies Inc. (the "Corporation" or "Urbanimmersive") (TSX VENTURE:UI), is pleased to announce (i) the closing of the non-brokered private placement announced on October 16, 2014 of gross proceeds of $400,000 (the "Offering") through the sale of 1,500,000 common shares of Urbanimmersive (the "Common Shares") at the price of $0.10 per Common Share and issuance of a subordinated secured convertible debenture of a principal amount of $250,000 (the "Debenture"); and (ii) the disbursement of $100,000 under the previously announced unsecured loan agreement with a Canadian banking institution (the "Loan"), for total gross proceeds of $500,000. |
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| Source:http://www.marketwired.com/mw/release.do?id=1960712&sourceType=3 |
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