Urbana Corporation
TSX : URB.A

Urbana Corporation

January 09, 2008 16:02 ET

Urbana Corporation Arranging $50,000,000 Revolving Credit Facility

TORONTO, ONTARIO--(Marketwire - Jan. 9, 2008) -

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

Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it is arranging a demand loan facility ("the Facility") in the amount of $50,000,000 with the Bank of Montreal.

The Facility will be secured by a general charge on Urbana's assets and will allow Urbana to purchase additional seats, memberships, shares and units of private and public exchanges around the world.

The Facility is subject to the customary conditions precedent and covenants.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that the Facility will close. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    (416) 595-9106