Uniserve purchases an additional 4% of Glenbriar Shares
October 12 2017 - 3:04PM
Uniserve Communications Corporation (the “Company”) is pleased to
announce the purchase of an additional 5 million shares of
Glenbriar, taking its holdings to approximately 86%. The Vancouver
office of Glenbriar has been merged into Uniserve’s Vancouver
office and all operations in the Calgary and Waterloo offices are
being streamlined under the Uniserve umbrella. It is anticipated
this will be completed by year-end.
The Company is pleased to announce $420k of convertible debt has
been shifted to equity, resulting in the issue of approximately 2.2
million shares. Also, the balance of 656,000 warrants, expiring in
September 2017 at $0.375 have been exercised in full.
The Company has also negotiated a $700k one year loan with
interest at 3.5% per annum and have used part of the proceeds to
retire a $470k debt with interest chargeable at a higher rate.
Of the 2.6 million warrants exercisable at $0.175 cents and
expiring March 31, 2018, approximately 80% of those warrants have
already been exercised.
About Uniserve
Uniserve is a unified communications company which has been in
existence for over 28 years, combining voice, data and media all
into one seamless solution, one bill and one point of contact in
Canada, spread across 13,000 customers serving the Residential /
Small Office / Home office and Enterprise markets.
Uniserve prides itself on world class customer services, when
all else is equal you can trust Uniserve to have a great price, a
world class customer experience and a company you trust and like
working with.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents.
Learn more at www.uniserve.com or at www.sedar.com.
Michael C. Scholz Chairman of the Board
For more information please contact Mr. Mark Stanton at
604-395-3908 or email us at mark.stanton@uniserveteam.com.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. Management has prepared this release and no
regulatory authority has approved or disapproved the information
contained herein. The statements contained in this news release
that are not historical facts are forward looking statements. Such
statements are based on management’s estimates, assumptions and
projections using available information. Uniserve cautions that
actual financial results could differ materially from the current
expectations due to a number of factors.
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