Unique Broadband Systems, Inc.

Unique Broadband Systems, Inc.

June 27, 2014 08:26 ET

Unique Broadband Systems, Inc. Announces Transfer to NEX

TORONTO, ONTARIO--(Marketwired - June 27, 2014) - Unique Broadband Systems, Inc. ("UBS" or the "Company") (TSX VENTURE:UBS.H) today announces the transfer of its listing from the TSX Venture Exchange (the "TSXV") to the NEX board of the TSXV (the "NEX") as a result of UBS no longer carrying on an active business. The common shares of UBS will commence trading on the NEX effective June 27, 2014 under the symbol UBS.H.

CCAA Claims Process Update

UBS continues to work to complete the CCAA claims process under supervision of the Superior Court of Ontario. In this regard, the previously announced appeal and cross-appeals related to certain disputed claims were heard on June 17, 2014. The Court of Appeal reserved judgment. Shareholders are encouraged to refer to the section entitled "Provisions and contingencies - Contingencies - Jolian claims" in the Company's most recent management discussion and analysis.

Information pertaining to the CCAA claims process can be found on the monitor's website at www.duffandphelps.com/restructuringcases under the UBS link.

About Unique Broadband Systems, Inc.

UBS's 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 costs 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.
    Grant McCutcheon
    (905) 660-8100