VANCOUVER, March 12, 2019 /CNW/ - UrtheCast Corp. (TSX: UR)
("UrtheCast" or the "Company") announces that the Continued Listing
Committee of Toronto Stock Exchange ("TSX") has determined that the
Company has regained compliance with requirements for continued
listing.
This completes the listing review initiated in connection with
the Subordinated Capital Financing described in more detail in the
Company's May 3, 2018 press
release.
About UrtheCast
UrtheCast Corp. is a Vancouver-based technology company that serves
the rapidly evolving geospatial and geoanalytics markets with a
wide range of information-rich products and services. The Company
operates Earth Observation (EO) sensors in space, through its
subsidiary Deimos Imaging, including two satellites, Deimos-1 and
Deimos-2, to produce imagery data for partners and customers in
multiple markets. UrtheCast processes and distributes imagery data
and value-added products on behalf of the PanGeo Alliance, a
network of seven satellite operators with a combined 13 medium- and
high-resolution EO sensors. Additionally, UrtheCast is developing
and expects to launch the world's first fully-integrated
constellation of sixteen multispectral optical and SAR satellites,
called OptiSARâ„¢, and a satellite constellation designed to capture
high-quality, medium-resolution optical imagery of the Earth's
entire landmass (excluding Antarctica) every day, called UrtheDailyâ„¢.
Also, UrtheCast subsidiary Geosys is the first global digital
agriculture company founded by agronomists. With more than 30 years
of industry experience, Geosys provides clients with data, analysis
and insights needed to make more informed decisions. Common shares
of UrtheCast trade on the Toronto Stock Exchange as ticker
"UR".
For more information, visit UrtheCast's website at
www.urthecast.com.
Forward Looking Information
This release contains certain information which, as
presented, constitutes "forward-looking information" or
"forward-oriented financial information" within the meaning of
applicable Canadian securities laws. Forward-looking information
involves statements that relate to future events and often
addresses expected future business and financial performance,
containing words such as "anticipate", "believe", "plan", "target",
"estimate", "expect" and "guidance", statements that an action or
event "may", "might", "could" or "will" be taken or occur, or other
similar expressions and includes, but is not limited to, statements
relating to: UrtheCast's ability to continue to satisfy the
requirements for continued listing on the TSX; and UrtheCast's
expectations of raising additional capital and continuing as a
going concern. Such statements reflect UrtheCast's current views
with respect to future events. Such statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by UrtheCast, are inherently subject to
significant uncertainties and contingencies. Many factors could
cause UrtheCast's actual results, performance or achievements to be
materially different from any future results, performance, or
achievements that may be expressed or implied by such
forward-looking statements, including, among others: UrtheCast's
inability to continue to meet the applicable requirements for
continued listing on the TSX; and UrtheCast's inability to access
additional capital and continue as a going concern; as well as
those factors and assumptions discussed in UrtheCast's annual
information form dated April 2, 2018,
which is available under UrtheCast's SEDAR profile at
www.sedar.com. UrtheCast cautions readers that such factors and
uncertainties are not exhaustive and that should certain risks or
uncertainties materialize, or should underlying estimates or
assumptions prove incorrect, actual results, performance or
achievements may vary significantly from those expected. There can
be no assurance that the actual strategies, results, performance,
events or activities anticipated by the Company will be realized
or, even if substantially realized, that they will have the
expected consequences to, or effects on, the Company. UrtheCast
undertakes no obligation to update forward-looking statements
except as required by Canadian securities laws. Readers are
cautioned against attributing undue certainty to forward-looking
statements.
SOURCE UrtheCast Corp.