Uniserve Announces Increase and Closing of $0.08 per Unit Private Placement
July 02 2019 - 4:15PM
Uniserve Communications Corporation (TSX.V: USS)
(“Uniserve”) is pleased to announce that it has increased its
originally announced 20,000,000 Unit private placement as set out
in its May 6, 2019 press release, as increased to 24,000,000 Units
pursuant to its May 30, 2019 press release, to 26,750,000 Units,
and closed this transaction having received TSX Venture Exchange
approval and the placement has closed.
The placement of 26,750,000 Units at $0.08 per
Unit resulted in aggregate proceeds of $2,140,000 for working
capital purposes. The Company will issue 26,750,000 Units
with each Unit consisting of one common share and one transferable
2 year share purchase warrant with each warrant exercisable into
one additional common share at $0.12 per share during year one, and
$0.15 per share during year two to the date of expiration which has
been set at July 2, 2021. No finder’s fees or commissions
were payable pursuant to this placement.
About Uniserve
Uniserve Communications Corporation is a
2018 TSX Venture top 50 performance company.Uniserve is a
unified communications company which has been in business for 30
years, combining voice, data and media services all into one
seamless solution, one bill and one point of contact.
Uniserve prides itself on world class customer
service based in Canada. When all else is equal, clients can
trust Uniserve to have a great price, a great experience and to be
a company that customers enjoy working with – we call it “ONE
click, call, connect”.
This news release was prepared on behalf of the
Board of Directors, which accepts full responsibility for its
contents.
Learn more at www.uniserve.com or at
www.sedar.com.
Michael C. Scholz Chairman of
the Board
For more information please call 604-395-3961 or
email corporate.relations@uniserveteam.com.
Neither TSX Venture Exchange nor its Regulations
Services Provider (as the term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Management has prepared this release and
no regulatory authority has approved or disapproved the information
contained herein. The statements contained in this news release
that are not historical facts are forward looking statements. Such
statements are based on management’s estimates, assumptions and
projections using available information. Uniserve cautions that
actual financial results could differ materially from the current
expectations due to a number of factors.
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