08:34:50 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Uniserve Communications Corp (2)
Symbol USS
Shares Issued 44,089,045
Close 2014-03-03 C$ 0.045
Market Cap C$ 1,984,007
Recent Sedar Documents

Uniserve arranges financing, appoints officers

2014-03-04 09:20 ET - News Release

Mr. Joseph Willmott reports

UNISERVE COMMUNICATIONS CORPORATION: $1,000,000 FINANCING / APPOINTMENT OF NEW OFFICERS

Uniserve Communications Corp. has arranged a $1-million financing comprising a convertible debenture and offering of 10 million units by way of a private placement at five cents per unit. The proceeds derived from this financing will be used for general corporate and development purposes. This transaction is subject to TSX Venture Exchange approval.

The convertible debenture shall bear interest at 15 per cent per year and may be repaid by the issuance of shares of the company at five cents per share during year one and 7.5 cents per share during year two.

The units pursuant to the private placement consist of one common share and one transferable share purchase warrant. Every two warrants entitle the holder thereof to purchase one additional common share of the company at five cents per share for a one-year period. A finder's fees may be payable in relation to this private placement.

The company further wishes to announce the appointment of director Stephen Plant as chief financial officer of the company, and Steve Cozine as the corporate secretary, replacing Albert Lim, who held those roles since December, 2012. The company wishes to thank Mr. Lim for his efforts and valued assistance while acting in those roles, and looks forward to continuing to work with him in the future as part of the company's accounting team.

We seek Safe Harbor.

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