Canadian Warrants

Urbana to list Series A warrants on July 12

2007-07-10 18:43 MT - Warrants Called to Trade

TSX bulletin 2007-0985

Series A warrants to purchase up to 16.13 million non-voting Class A shares of Urbana Corp. will be posted for trading at the open on Thursday, July 12, 2007, under the following trading information:

Warrant symbol: URB.WT.A
Warrant Cusip No.: 91707P 12 5
Designated market-maker: RBC Capital Markets
Other markets: None
The closing of the offering is expected to occur prior to the open on Thursday, July 12, 2007. In anticipation of such closing, the warrants will be listed at 5:01 p.m. on Wednesday, July 11, 2007, and, subject to the occurrence of the closing of the offering, the warrants will be posted for trading at the open on July 12, 2007.

The warrants will be issued as part of an offering of units at $3.10 per unit, each unit consisting of one non-voting Class A share and one-half of one Class A share purchase warrant pursuant to the terms of a short form prospectus dated June 29, 2007. Details of the prospectus offering are contained elsewhere in today's bulletins.

Each whole warrant will entitle the holder to purchase one Class A share at a price of $3.75 per share for a period of two years from closing.

The warrants will be governed by the terms of a warrant indenture to be dated as of July 12, 2007, between the company and CIBC Mellon Trust Co., as trustee. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Urbana to list on TSX on Jan. 11

2007-01-09 20:50 ET - New Listing

TSX bulletin 2007-0042

An application has been granted for the original listing in the industrial category of:
  1. 10 million common shares all of which are issued and outstanding;
  2. up to a maximum of 24,193,650 non-voting Class A shares of which up to a
maximum of 16,129,100 Class A shares will be issued and outstanding, and up to
8,064,550 Class A shares are reserved for issuance; and
  3. up to a maximum of 8,064,550 Class A share purchase warrants. The Class A
shares and warrants are being sold pursuant to a short form prospectus dated Dec.
18, 2006.

Listing of the common shares, the Class A shares and the warrants will become
effective at 5:01 p.m. on Wednesday, Jan. 10, 2007, in anticipation of the public
offering of Class A shares and warrants closing on Thursday, Jan. 11, 2007. The
common shares, the Class A shares and the warrants will be posted for trading at
the open on Jan. 11, 2007.

Common share symbol:  URB
Common share Cusip No.:  91707P 10 9
Common share trading currency:  Canadian dollars
Class A share symbol:  URB.A
Class A share Cusip No.:  91707P 20 8
Class A share trading currency:  Canadian dollars
Warrant symbol:  URB.WT
Warrant Cusip No.:  91707P 11 7
Warrant trading currency:  Canadian dollars
Temporary market-maker:  National Bank Financial Inc.

Other markets:  Urbana Corp.'s common shares have been trading on the TSX
Venture Exchange under the symbol URB since 2002. The common shares will be
delisted from TSX-V at the close on Jan. 10, 2007.

Additional information on the securities of Urbana may be found in the prospectus,
which is available at www.sedar.com. Attributes of the common shares and Class A
shares except with respect to voting and conversion, each common share and each
Class A share have the same rights and are equal in all respects on a
share-for-share basis.

The holders of the common shares are entitled to receive notice of and to attend all
meetings of shareholders of Urbana (other than meetings of a class or series of
shares other than the common shares). The holders of the Class A shares are
entitled to receive notice of and attend all meetings that the holders of common
shares are entitled to receive notice of and attend. Each holder of common shares
is entitled to one vote in respect of each common share held at such meetings. The
holders of non-voting Class A shares will not be entitled to vote at such meetings
other than as required by applicable law.

The Class A shares include the following takeover bid protective provisions:

   * If an offer to purchase common shares must, by reason of applicable securities
legislation or the requirements of any stock exchange on which the common shares
are listed, be made to all or substantially all holders of common shares, the holders
of the Class A shares shall have the right, after the seventh day after the offer was
made, to convert each Class A share into one common share (except in specified
circumstances).

Attributes of the warrants

Each whole warrant will entitle the holder to purchase one Class A share at a price
of $3.75 for a period of two years from the closing date (anticipated to be Jan. 11,
2007).

The warrants will be created and issued pursuant to the terms of a warrant
indenture to be dated as of the closing date between Urbana and CIBC Mellon Trust
Co. The warrant indenture provides for appropriate adjustments to be made to the
rights of the holders of warrants in the event of stock dividends, subdivisions,
consolidations and other forms of capital reorganization.

Incorporation:  Urbana is an investment company governed by the Business
Corporations Act (Ontario). Urbana was originally incorporated as a mineral
exploration company named Macho River Gold Mines Ltd. under the Companies Act
(Ontario) on Aug. 25, 1947.

Fiscal year-end:  Dec. 31

Nature of business:  On June 24, 2005, a change of business resolution was
passed by the shareholders of Urbana to approve the change of the listing of
Urbana on the TSX Venture Exchange from that of a mining issuer to an investment
issuer. Urbana is now considered a non-redeemable investment fund and an
investment fund for the purposes of applicable securities laws. Urbana's investment
objective and strategy are to provide long-term capital growth through investing in a
wide spectrum of opportunities. Potential investments can range from publicly
traded securities to private companies to other assets.

Transfer agent and registrar:  CIBC Mellon Trust Co. at its principal office in Toronto

Dividends:  The company does not anticipate paying dividends in the foreseeable
future.