Urbana Corporation
TSX : URB
TSX : URB.A
TSX : URB.WT

Urbana Corporation

June 11, 2007 16:38 ET

Urbana Corporation Purchases 4 Additional MGEX Memberships

TORONTO, ONTARIO--(Marketwire - June 11, 2007) -

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

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT) is pleased to announce that it has entered into an agreement to purchase four more seats on the Minneapolis Grain Exchange ("MGEX"), a private entity. Urbana now has 6 seats on the MGEX. Founded in 1881, MGEX is the principal market for trading futures of hard red spring (HRS) wheat.

The total cost of this purchase is approximately US $540,000.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying seats and shares in private and public securities exchanges in North America and around the world.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that the seat purchase announced will be completed, or that if completed, such seat purchase will be a profitable investment for Urbana. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    (416) 595-9106
    Website: www.urbanacorp.com