Home » Picture Gallery, Software » Urbanimmersive Announces a Proposed $1.5 Million Brokered Private Placement of Units

Urbanimmersive Announces a Proposed $1.5 Million Brokered Private Placement of Units

MONTREAL, QUEBEC — (Marketwired) — 05/04/16 — Urbanimmersive Inc., the real estate content marketing marketplace, (“Urbanimmersive” or the “Corporation”) (TSX VENTURE: UI) is pleased to announce that it has engaged Leede Jones Gable Inc. as agent for a private placement of up to 10,000,000 units at a price of $0.15 per unit for gross proceeds of up to $1.5 million. Each unit is comprised of one common share of the Corporation and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of the Corporation at a price of $0.25 per share within the 24-month period following the closing of the private placement.

In addition, the agent has been granted an over-allotment option exercisable up to the closing date of the private placement to increase the size of the offering by up to 1,500,000 units. The closing of the private placement is expected to occur on or about June 4, 2016, and is subject to applicable regulatory approvals, including approval of the TSX Venture Exchange.

The net proceeds of the private placement will be used for sales and marketing initiatives and to finance the current operations of the Corporation.


Urbanimmersive is a content marketing platform for real estate professionals. The Company connects real estate professionals, photographers and writers in order to simplify and optimize original content production workflow. Urbanimmersive enables its customers to leverage their marketing investment while increasing productivity, competitiveness, their web visibility, consumer engagement with their brand and, ultimately, their income.

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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. A number of factors beyond the control of the Corporation could cause the aforementioned private placement to be delayed or cancelled, including general market conditions, failure to locate subscribers willing to participate or failure to obtain the necessary regulatory approvals. 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 Management–s Discussion and Analysis of the Corporation for the quarter ended December 31, 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.

Urbanimmersive Inc.

Urbanimmersive Inc.
Ghislain Lemire
President and CEO

Posted by on 4. May 2016. Filed under Picture Gallery, Software. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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