EDMONTON,
April 2, 2013 /CNW/ - United
Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ)
is pleased to announce the following corporate update:
Pursuant to a press release dated February 20, 2013, the TSX Venture Exchange has
now accepted for filing the Company's proposal to issue 8,000,000
common shares at a deemed price of $0.05 per share to Mr. Fredy Ramsoondar, President and CEO of the
Company for acting as sole guarantor to an increase in the credit
facility of the Company in the amount of $3,180,000.
The TSX Venture Exchange acceptance letter is
dated April 1, 2013.
Statements in this press release other than
purely historical information, including statements relating to the
Company's future plans and objectives or expected results, are
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
related to business development and retention, and risks related to
the current economic and credit conditions. As a result, actual
results may vary materially from those described in the
forward-looking statements.
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.
SOURCE United Protection Security Group Inc.