Urbana Corporation Announces Senior Tier Listing on The Canadian Securities Exchange
July 11 2023 - 9:30AM
Urbana Corporation (TSX and CSE: URB, URB.A) is
pleased to announce that as of today, its securities will be listed
on the senior tier of the Canadian Securities Exchange (the “CSE”).
Urbana Corporation is the first issuer to be listed on the senior
tier of the CSE, a milestone for both organizations.
The CSE recently received final approval from
the Ontario Securities Commission and British Columbia Securities
Commission to materially revise its listing policies (the
“Amendments”). The key changes included the addition of the NV
Designation, creating a senior tier (the “Senior Tier”) for its
larger and later-stage issuers. These companies will be subject to
enhanced disclosure and governance requirements that are consistent
with the policies governing other senior tier issuers globally. As
a result, the securities of CSE Senior Tier issuers may be
accessible to a broader range of institutional investors that could
not previously trade CSE “Venture” securities, and may meet
criteria to be included in certain stock indices from which
“Venture” securities are currently excluded. The CSE will also list
exchange-traded funds on the Senior Tier.
On behalf of Urbana’s Board of Directors Thomas
S. Caldwell, C.M.
Please contact Elizabeth Naumovski, Investor
Relations, at 416-595-9106 or enaumovski@urbanacorp.com for further
information.
Certain statements in this news 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. Unless required by applicable securities law, Urbana
does not assume any obligation to update these forward-looking
statements.
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