LAVAL, QUEBEC--(Marketwired - March 30, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Urbanimmersive Inc. (TSX VENTURE:UI) announces that the Board of directors has approved the grant of 1,100,000 stock options to directors, officers, consultants and employees.
Stock options have been granted to directors and officers Mr. James McDdonald, Chairman of the board and director, Mr. Daniel Robidoux, Mrs Judith Brosseau and Mr. Pierre Plamondon, directors, Mr. Ghislain Lemire, President and Chief Executive Officer and director, and Mr. Martin Thibault Interim CFO and COO of Urbanimmersive Inc. Stock options also have been granted to key consultants and employees of Urbanimmersive Inc. Each stock option was issued as of March 30, 2017 and entitles the holder to purchase one common share of the Corporation at a price of $0.20 per common share.
Urbanimmersive would like to take this opportunity to underline the nomination of Judith Brosseau on its board of directors. Ms. Judith Brosseau acts as Chair of the Board of Directors of L'inis, The National Institute of Image and Sound. She has held the positions of Senior Vice-President, Programming, Communications and Interactive Media for Les Chaînes Télé Astral from 1998 to 2013 and of Director of Strategic Planning for Communications at the Canadian Broadcasting Corporation from 1992 to 1998. Ms. Brosseau acts as an administrator of several companies (Harold Greenberg Fund, Sylvain Émard Danse, Banff World Media Festival Foundation, Y des Femmes de Montréal, Wapikoni mobile) and is a consultant.
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.
CAUTION CONCERNING 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 MD&A dated December 31th, 2015 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.
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.
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