SOURCE: Urban Communications Inc.

Urban Communications Inc.

June 09, 2015 21:36 ET

Urban Communications Inc. Announces Grant of Options

VANCOUVER, BC--(Marketwired - June 09, 2015) - Urban Communications Inc. (TSX VENTURE: UBN) announces the granting of an aggregate of 925,000 incentive stock options to directors and employees of the Company in accordance with the Company's incentive stock option plan and policies established by the board of directors designed to attract, retain and motivate industry, business, finance, sales and technical professionals at all levels. Of the total number of options granted, 600,000 options were granted to directors, and all options are exercisable at a price of $0.15 until April 29, 2018. The aggregate number of shares that are reserved for issuance pursuant to these grants will not result in more than 5% of the issued shares of the Company being issued to any one individual in a 12 month period.


Urban Communications Inc. (TSX VENTURE: UBN), through its operating subsidiaries, 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 and has a potential serviceable market of 850,000 residential units and 80,000 commercial enterprises. 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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