Key Developments: Urbana Corp (URNAF.PK)
1.20USD
10 May 2013
$0.05 (+4.65%)
$1.15
$1.20
$1.20
$1.20
2,000
500
$1.22
$0.81
Latest Key Developments (Source: Significant Developments)
Urbana Corp To Acquire CNSX Markets Inc.
Urbana Corp announced that its offer to acquire 4 million common shares of CNSX Markets Inc. ("CNSX"), the operator of the Canadian National Stock Exchange, to be issued from CNSX's treasury at $0.40 per share was approved at CNSX's annual meeting of shareholders. common shares from the treasury to be offered for sale to the current shareholders, directors, officers and employees of CNSX ("Stakeholders") at $0.40 per share. Urbana has agreed to acquire at the same price per share any of these additional shares that are not purchased by Stakeholders. In addition, Urbana is offering to acquire any CNSX common shares, subject to a maximum determined by Urbana, from current shareholders at $0.30 per share until December 27, 2012. Upon the completion of these transactions, it is anticipated that Urbana will own between 20% and 49% of CNSX. Full Article
Urbana Corp To Buy Back Up To 5.98 Million Class A Shares-Canada Stockwatch News
Canada Stockwatch News reported that the Toronto Stock Exchange has accepted Urbana Corp.'s notice of intention to conduct a normal course issuer bid to enable it to purchase up to 5,989,230 of its non-voting Class A shares, representing 10% of the public float, pursuant to TSX rules. Purchases under the bid may commence on August 29, 2012, and will terminate on the earlier of August 28, 2013, the date Urbana completes its purchases pursuant to the notice of intention to make a normal course issuer bid filed with the TSX or the date of notice by Urbana of termination of the bid. Purchases will be made on the open market by Urbana through the facilities of the TSX in accordance with the rules and policies of the TSX. Caldwell Securities Ltd. will make all purchases pursuant to the bid on behalf of Urbana. The price that Urbana will pay for any such shares will be the market price of such shares on the TSX at the time of acquisition. Class A shares purchased under the bid will be cancelled. Urbana will not purchase in any given 30-day period, in the aggregate, more than 1,207,501 Class A shares, being 2% of the 60,375,067 issued and outstanding Class A shares as at August 24, 2012. As of August 24, 2012, Urbana has purchased 6,636,033 Class A shares on the open market pursuant to a notice of intention to conduct a normal course issuer bid accepted by the TSX on August 25, 2011, at an average purchase price of $1.0136 per share. Full Article
Urbana Corporation Announces Notice Of Intention To Purchase Shares
Urbana Corporation announced that the Toronto Stock Exchange (TSX) has accepted its notice of intention to conduct a normal course issuer bid to enable it to purchase up to 6,636,033 of its non-voting Class A shares, representing 10% of the public float, pursuant to TSX rules. Purchases under the bid may commence on August 29, 2011, and will terminate on the earlier of August 28, 2012, the date Urbana completes its purchases pursuant to the notice of intention to make a normal course issuer bid filed with the TSX or the date of notice by Urbana of termination of the bid. Purchases will be made on the open market by Urbana through the facilities of the TSX in accordance with the rules and policies of the TSX. Caldwell Securities Ltd. will make all purchases pursuant to the bid on behalf of Urbana. The price that Urbana will pay for any such shares will be the market price of such shares on the TSX at the time of acquisition. Class A Shares purchased under the bid will be cancelled. Urbana will not purchase in any given 30 day period, in the aggregate, more than 1,340,222 Class A Shares, being 2% of the 67,011,100 issued and outstanding Class A Shares as at August 24, 2011. Full Article
UPDATE 1-Urbana buys portion of Canadian exchange operator CNSX
* Investment company buys 20 pct stake in CNSX for C$1.6 mln
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