Urban Communications Inc. Announces Increase in Private Placement Due to Demand

Abstract

(Marketwired - July 27, 2016) - Urban Communications Inc. (TSX VENTURE: UBN) is pleased to announce that it has received conditional approval from the TSX Venture Exchange to increase the private placement announced June 30, 2016, from 5.0 million Units to up to 7.5 million Units, with the right to increase that amount to 12.5 million Units. The purchase price remains $0.10 per Unit for aggregate gross proceeds to Urban of up to $750,000, with the right to increase that amount to $1,250,000.