Urban Select Capital Corporation
TSX VENTURE : CH

Urban Select Capital Corporation

November 12, 2015 23:00 ET

Urban Select Announces Launching of Cicino Boutique Flagship and Other Corporate Developments

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2015) - Urban Select Capital Corporation (the "Company") (TSX VENTURE:CH) announced that on November 6, portfolio company Cicino Corporation officially launched with a Pascal Millet Paris Spring Summer 2016 collection fashion show held at the Vancouver Club and the grand opening of the Cicino boutique flagship located on West Hastings directly adjacent the Vancouver Club.

"Our mission is to incorporate European elegance and a leisurely mentality into our every contemporary life, for that Cicino is truly a fashion microcosm," said founder and president of Cicino, Min Kuang.

Cicino Corporation cultivates the perfect blend of fashion, art and lifestyle. From extravagant gowns to one-of-a-kind jewelry and made to order luxury Italian furniture, Cicino demonstrates elegance and sophistication.

The Company also announced it has issued two Promissory Note Purchase Agreements ("Note Purchase Agreements") to Cicino Corporation ("Cicino") pursuant to which Cicino sold a $50,000 Promissory Note and separately a $30,000 Promissory Note to the Company. Interest will accrue on the principal amount of the $50,000 Note at the rate of 10% and the $30,000 Note at the rate of 5%, per annum, calculated on the basis of a 360 day year for the actual days elapsed. The Note is payable in full together with any unpaid and accrued interest upon the request of the Company.

In other news, the Company announced that John King Burns has joined the board of directors effectively immediately replacing Paul Zhang. The board of directors thanks Mr. Zhang for his service to the Company.

ABOUT URBAN SELECT

Urban Select Capital Corporation is an investment issuer focused on investing growth capital into private and public companies in a broad range of sectors including natural resources, healthcare, and agriculture and consumer retail services. Urban Select's management team is composed of investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and fund management in Canada, China and the U.S.

Neither the 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.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

Contact Information

  • Urban Select Capital Corporation
    David Yoo
    Chief Financial Officer and Managing Director
    604.689.0618 or 1.866.689.0618
    604.689.0628 (FAX)
    www.urbanselect.com