Urbanimmersive Technologies Inc.

Urbanimmersive Technologies Inc.

November 18, 2014 16:52 ET

Urbanimmersive Grants Stock Options to Directors and Officers

MONTRÉAL, QUÉBEC--(Marketwired - Nov. 18, 2014) -


Urbanimmersive Technologies Inc. (the "Corporation" or "Urbanimmersive") (TSX VENTURE:UI), today announced that its Board of Directors has granted (i) 75,000 stock options to James McDonald, Chairman of the board of directors of the Corporation; (ii) 50,000 stock options to each of Daniel Robidoux, Pierre Plamondon and Olivier Vincent, directors of the Corporation; (iii) 75,000 stock options to Charles Drouin, director of the Corporation; (iv) 200,000 stock options to Ghislain Lemire, President and Chief Executive Officer and director of the Corporation; (v) 20,000 stock options to Jean Asselin, officer of the Corporation; and (vi) 70,000 stock options to Martin Thibault, officer of Urbanimmersive Inc., a wholly- owned subsidiary of the Corporation.

These stock options entitle the abovementioned directors and officers to purchase that same number of common shares of the Corporation at the price of $0.125 per common share. The options expire on Novembre 13, 2019.

About Urbanimmersive

Based in Laval, Urbanimmersive is a leading-edge digital media company that uses innovative patent pending technology for the development and commercialization of its suite of web products and services in the real estate brokerage and new home construction markets.

For more information, visit Urbanimmersive website www.urbanimmersive.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or to any U.S. Persons. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United States of America and may not be offered or sold within the United States of America or its territories or possessions unless pursuant to an exception therefrom.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution on Forward-Looking Statements

Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. For additional information with respect to certain of these and other assumptions and risk factors, please refer to the Corporation's management proxy circular dated February 20, 2014, and filed with the Canadian securities commissions. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements.

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