Uniserve purchases an additional 4% of Glenbriar Shares
(Thomson Reuters ONE) -
Continues Conversion and Warrant Exercises
VANCOUVER, British Columbia, Oct. 12, 2017 (GLOBE NEWSWIRE) -- 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(at)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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UNISERVE COMMUNICATIONS CORPORATION via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.10.2017 - 21:06 Uhr
Sprache: Deutsch
News-ID 563558
Anzahl Zeichen: 3426
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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"Uniserve purchases an additional 4% of Glenbriar Shares"
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