Urban Select Announces Normal Course Issuer Bid
2014年1月29日 - 11:15PM
Marketwired
Urban Select Announces Normal Course Issuer Bid
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 29, 2014) -
Urban Select Capital Corp. (TSX-VENTURE:CH) (the "Company"),
announces today that it has received approval from the TSX Venture
Exchange (the "Exchange") to make a normal course issuer bid (the
"Bid") to purchase for cancellation, from time to time, as it
considers advisable, up to 2,045,145 of its issued and outstanding
common shares (being approximately 5% of the common shares
outstanding at January 27, 2014). The Bid will be conducted in
accordance with applicable securities laws and the policies of the
Exchange. Purchases will be made on the open market through the
facilities of the Exchange. Jordan Capital Markets Inc. of
Vancouver, British Columbia will conduct the Bid on behalf of the
Company.
The price which the Company will pay for any shares purchased by
it will be the prevailing market price of such common shares on the
Exchange at the time of such purchase. However, the Company has set
a maximum price of $0.20 for any common shares to be acquired under
the Bid.
The Company has not purchased any common shares pursuant to a
normal course issuer bid during the previous 12 months. The Bid
will commence on January 29, 2014 and will terminate on January 29,
2015, or such earlier time as the applicable Bid is completed or at
the option of the Company.
The Board of Directors of the Company believes that the current
and recent market prices for the Company's common shares do not
give full effect to their underlying value and that, accordingly,
the purchase of common shares under the Bid will increase the
proportionate share interest of, and be advantageous to, all
remaining shareholders. The normal course purchases will also
afford an increased degree of liquidity to current shareholders who
would like to dispose of their shares.
ABOUT URBAN SELECT
Urban Select Capital Corporation is an investment issuer focused
on investing growth capital into private and public companies in a
broad range of sectors including natural resources, healthcare, and
agriculture and consumer retail services. Urban Select's management
team is composed of investment professionals combining an Asian
background with Western education and extensive experience in
investment banking, venture capital and fund management in Canada,
China and the U.S.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Statements - This news
release contains certain forward-looking statements, including
statements regarding the business of the Company. These statements
are subject to a number of risks and uncertainties. Actual results
may differ materially from results contemplated by the
forward-looking statements. When relying on forward-looking
statements to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and should
not place undue reliance on such forward-looking statements. The
Company does not undertake to update any forward looking
statements, oral or written, made by itself or on its behalf except
as required by law.
Urban Select Capital CorporationDavid YooChief Financial Officer
and Director(604) 689-0618(604) 689-0628www.urbanselect.com
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