Uniserve Announces Update on 7,000,000 Unit Private Placement at $0.10 per Unit
July 28 2021 - 7:02PM
Uniserve Communications Corporation (the “Company”) wishes to
announce that it has received TSX Venture Exchange (“TSX”) approval
to a thirty (30) day extension in time to file for final approval
and closing of the subject placement which was announced June 8,
2021. The terms of the placement remain unchanged in that 7,000,000
Units have been offered at $0.10 per Unit with each Unit consisting
of one common share and one transferrable share purchase warrant
exercisable for a period of two years from the date of distribution
on a 1:1 basis at $0.12 per share during year one, and $0.15 per
share during year two. Total proceeds of $700,000 will be used for
working capital. The placement is anticipated to close in the next
thirty days with approximately fifty per cent (50%) being taken by
management and insiders of the Company. No finder’s fees or
commissions will be paid pursuant to this placement and it remains
subject to final TSX approval.
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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