Urbana Corporation
TSX : URB.A
CNSX : URB.A

Urbana Corporation

August 06, 2014 14:45 ET

Urbana Corporation: Normal Course Issuer Bid Purchases

TORONTO, ONTARIO--(Marketwired - Aug. 6, 2014) -

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

Urbana Corporation ("Urbana") (TSX:URB.A)(CSE:URB.A) has now completed the company's Normal Course Issuer Bid ("NCIB"), authorized for 2013-2014, with the purchase of 5,386,000 of the company's Class "A" shares. These shares were bought for cancellation at an average price of $1.7789 per share. The dollar amount of the repurchased shares totals $9,581,155.40.

Urbana's current buyback and cancellation of URB.A shares, combined with previous amounts purchased, now totals 29,862,902 shares, leaving 49,000,000 URB.A shares currently outstanding.

Urbana Corporation will re-apply for further NCIB purchases after August 28, 2014.

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