Uniserve Announces Increase in 20,000,000 Unit Private Placement to 24,000,000 Units at $0.08 per Unit / Extension of Terms o...
May 30 2019 - 9:32AM
Uniserve Communications Corporation (“Uniserve”)
wishes to announce that it has increased its originally announced
20,000,000 Unit private placement as announced on May 6, 2019 to
24,000,000 Units on the same terms and conditions as set out in the
original May 6, 2019 Release. The Units remain at $0.08 per
Unit with each Unit consisting of one common share and one
transferable 2 year share purchase warrant. One warrant will be
exercisable for one additional common share at $0.12 per share
during year one, and $0.15 per share during year two. The
proceeds derived from the total 24,000,000 Unit private placement
will be used for general working capital. There will be no
finder’s fees or commission paid pursuant to this placement and the
same remains subject to Exchange approval.
Uniserve further wishes to announce that it has
amended the terms of its $570,000 debenture debt by extending the
maturity date to June 30, 2021 from July 31, 2020, and amending the
conversion price to $0.12 per share during year one, and $0.15 per
share during year two to the date of expiration.
About Uniserve
Uniserve Communications Corporation is a
2018 TSX Venture top 50 performance company.Uniserve is a
unified communications company which has been in business for 30
years, combining voice, data and media services all into one
seamless solution, one bill and one point of contact.
Uniserve prides itself on world class customer
service based in Canada. When all else is equal, clients can
trust Uniserve to have a great price, a great experience and to be
a company that customers enjoy working with – we call it “ONE
click, call, connect”.
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 call 604-395-3961 or
email corporate.relations@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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