12/10/2017 20:06:41

Uniserve purchases an additional 4% of Glenbriar Shares

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@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

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
13 Dec
FING-B
Hvem tør efterhånden investere på børsen, med dette ufatteligt ødelæggende shorting og naked-short v..
34
10 Dec
VWS
Der er simpelhen så meget støj i marked omkring Vestas. Prøv at vurdere disse få tal, og din beslutn..
26
14 Dec
VELO
Faldt lige over denne artikel, som er frigivet 20/11 2017.... Asertaa-studiet med dens konklusioner ..
21
14 Dec
VWS
Citat: »Vores ordreindgang voksede 50 pct. i det seneste kvartal. Der er intet galt med vores salg, ..
18
10 Dec
VELO
  @djks Tak for dine altid velovervejede indlæg, som er af stor betydning for debatten, idet man som..
18
12 Dec
BAVA
Prøver du at dække dig ind under Bavarian for at undgå at vi snakker om dine enorme tab i Matas og R..
17
10 Dec
NOVO-B
En julehilsen fra alpehue, og  et "Olympic" tillykke til Novo, dens aktionærer og verdens diabetespa..
17
13 Dec
GEN
Han har ingen model. Det er noget han altid skriver. Det er som i SKAT - der mangler ikke folk i Ska..
15
15 Dec
VELO
Når vi taler om Veloxis/Envarsus potentiale taler vi typisk om lever- og nyretransplantantioner.... ..
14
12 Dec
GEN
Minder lige om denne fra d. 21.11.2017:http://medwatch.dk/Medicinal___Biotek/article10047753.ece   "..
14

Alliance Trust PLC : Net Asset Value(s)

15/12/2017 13:51:58
ALLIANCE TRUST PLC                                    At the close of business on Thursday 14 December 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 780.8p -       including income, 784.2p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding i..

Dimensional Fund Advisors Ltd. : Form 8.3 - Tesco Plc - Ordinary shares

15/12/2017 10:57:00
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser:   Dimensional Fund Advisors Ltd. ("Dimensional"), in its capacity ..

Alliance Trust PLC : Transaction in Own Shares

Related news
15/12/2017 07:00:16
15 December 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 14 December 2017 the Company purchased for cancellation 184,000 ordinary shares of 2.5p each at a price of 737.0383p per share.  Therefore, the total number of voting rights in the Company is now 347,592,156.    The above figure (347,592,156) may be used by sha..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Tzadik Management Announces $64.5 Million Refinancing of 6-Property Portfolio
2
2050 Motors Proceeds One Step Closer To The USA Assembly Of The All Carbon Fiber Body Electric Automobile
3
Bryn Mawr Trust Expands Management Team by Appointing Kevin Tylus As President of Bryn Mawr Trust Banking Division
4
FIAT CHRYSLER AUTOMOBILES N.V.: Fitch raises its rating on FCA N.V. and maintains the Positive Outlook
5
Grenville Strategic Royalty Announces Investment in Boardwalktech, Pioneer in Enterprise Blockchain

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
16 December 2017 06:59:12
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20171124.1 - EUROWEB5 - 2017-12-16 07:59:12 - 2017-12-16 06:59:12 - 1000 - Website: OKAY