Uniserve Announces 7,000,000 Unit Private Placement at $0.10 per Unit
June 08 2021 - 9:30AM
Uniserve Communications Corporation (“Uniserve”)
wishes to announce that it has agreed to a private placement of up
to 7,000,000 Units at $0.10 per Unit to raise $700,000 for general
working capital. Each unit will consist of one common share and one
transferable 2 year share purchase warrant. One warrant will be
exercisable for one additional common share at $0.12 per share
during year one, and $0.15 per share during year two. There will be
no finder’s fees or commission paid pursuant to this placement and
the same is subject to TSX Venture Exchange approval.
Uniserve further wishes to announce that it has
received TSX Venture Exchange approval to the extension in the
expiration date of its Warrants granted pursuant to its 26,750,000
Unit private placement at $0.08 per Unit, which closed July 2,
2019, so that they now expire on January 2, 2022, from July 2,
2021. The remaining terms of these Warrants remain unchanged being
exercisable on a 1 for 1 basis at $0.15 per share.
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.
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.
Kelly WalkerPresident and
CEO
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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