Urbanimmersive Inc.
TSX VENTURE : UI

Urbanimmersive Inc.

December 07, 2015 15:18 ET

Urbanimmersive Inc. Announces an Issue of Shares for Debt

MONTREAL, QUEBEC--(Marketwired - Dec. 7, 2015) - Urbanimmersive Inc. (TSX VENTURE:UI) (the "Corporation") announces, subject to the TSX Venture Exchange's approval and the approval of any other regulatory authority, that it will issue 525,912 common shares, at a price of $0.08 per common share, in settlement of a debt totaling $42,173 in favour of 9088-1020 Québec Inc. The Corporation is proposing to issue the common shares in order to preserve its cash assets. The common shares issued for debt will subject to a hold period of four months following their issuance.

ABOUT URBANIMMERSIVE

Based in Laval, Quebec, Canada, Urbanimmersive is a digital media corporation dedicated to the online real estate market. The Corporation provides marketing content production services and innovative technology solutions specifically designed to increase productivity and business revenues of its customers. The Corporation's customers are primarily home builders, promoters, real estate brokers, brokerage agencies and real estate portal operators.

For more information, visit Urbanimmersive website http://www.urbanimmersive.com.

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.

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