Urbana Corporation
TSX : URB.A

Urbana Corporation

July 09, 2013 11:49 ET

Urbana Corporation-Normal Course Issuer Bid Purchases

TORONTO, ONTARIO--(Marketwired - July 9, 2013) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") has now completed the purchases allowed under a Normal Course Issuer Bid ("NCIB") of 5,989,067 of the company's Class "A" shares (TSX:URB.A) at an average price of $1.18 per share. The dollar amount of the repurchased shares totals $7,076,437.

Urbana's buyback and cancellation of URB.A shares, combined with the previous amounts purchased, now totals 24,476,902 shares, leaving 54,386,000 URB.A shares currently outstanding.

Urbana Corporation will be able to re-apply for further NCIB purchases in late August 2013.

Urbana's investment portfolio combines publicly traded and private holdings, with a current focus on financial services.

On behalf of the Board of Directors

Thomas S. Caldwell, C.M.

Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    416-595-9106
    416-862-2498 (FAX)
    www.urbanacorp.com