SOURCE: Urban Communications Inc.

Urban Communications Inc.

October 23, 2015 17:09 ET

Urban Communications Inc. Announces Extension to Close Private Placement

VANCOUVER, BC--(Marketwired - October 23, 2015) - Urban Communications Inc. (TSX VENTURE: UBN) announces that it has received an extension from the TSX Venture Exchange until November 25, 2015, to close a second tranche of the private placement announced August 19, 2015. The Company closed the first tranche in the amount of $850,200 on October 19, 2015, and intends to close a second tranche prior to the expiry of the extended date.

ABOUT URBAN COMMUNICATIONS INC.

Urban Communications Inc. (TSX VENTURE: UBN) is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its state-of-the-art carrier grade fibre optic network to commercial, residential and public sector customers. The Company's fibre optic network covers 200 km. across metro Vancouver and Victoria. Urban has recently launched high-speed Internet service to residential and commercial subscribers on its network at 1,000 Mbps (1 Gbps).

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

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