Urbana Corporation
TSX : URB.A

Urbana Corporation

July 09, 2009 09:36 ET

Urbana Corporation Announces Cancellation of Financing

TORONTO, ONTARIO--(Marketwire - July 9, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT.A) announced today that it is withdrawing its previously announced offering of Class A non-voting shares of Urbana (the "Offering"). Urbana has determined that due to current market conditions, the price at which it could complete the Offering would result in too much dilution to existing shareholders to justify proceeding with the Offering.

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana's current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana's portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

Caldwell Investment Management Ltd. ("CIM") is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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