Unique Broadband Systems, Inc.
TSX VENTURE : UBS.H
NEX BOARD : UBS.H

Unique Broadband Systems, Inc.

April 13, 2016 18:46 ET

Unique Broadband Systems, Inc. Announces Results of Rights Offering

TORONTO, ONTARIO--(Marketwired - April 13, 2016) - Further to its press release dated April 1, 2016 with respect to the closing of its rights offering (the "Rights Offering"), UBS (NEX:UBS.H) can now disclose the following additional information concerning the distribution of common shares ("Common Shares") pursuant to the Rights Offering:

  • Pursuant to the basic subscription privilege under the Rights Offering (the "Basic Subscription Privilege"), 27,368,867 Common Shares were distributed. Of those Common Shares, 16,388,631 Common Shares were distributed to persons who were insiders before the distributions under the Rights Offering or persons who became insiders as a result of the distributions under the Rights Offering, and 10,980,236 Common Shares were issued to the remaining subscribers under the Basic Subscription Privilege.
  • Pursuant to the additional subscription privilege under the Rights Offering (the "Additional Subscription Privilege"), 23,027,869 Common Shares were distributed. Of those Common Shares, 22,384,176 Common Shares were distributed to persons who were insiders before the distributions under the Rights Offering or persons who became insiders as a result of the distributions under the Rights Offering, and 643,693 Common Shares were issued to the remaining subscribers under the Additional Subscription Privilege.

About Unique Broadband Systems, Inc.

UBS' shares are listed on the NEX under the symbol "UBS.H". More information on UBS can be found at www.sedar.com.

The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of UBS that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by UBS at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by UBS that actual results achieved will be the same in whole or in part as those forecast.

Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Unique Broadband Systems, Inc.
    Daniel S. Marks
    Interim Chief Executive Officer
    (905) 660-8100