VANCOUVER, British Columbia, April 04, 2017 (GLOBE NEWSWIRE) -- Urban Communications Inc. (TSX-V:UBN) announces that it has engaged FronTier Consulting Ltd. to provide investor relations services in compliance with regulatory guidelines in order to increase market exposure.
FronTier is a highly experienced and recognized investor relations group, headquartered in Toronto with additional offices and IR representatives across Canada and the USA, and provides comprehensive IR and media marketing solutions to small and midcap companies seeking to create market awareness. FronTier will assist the Company by utilizing a number of financial market communications initiatives, the focus of which will be targeting capital firms and contacts in Toronto and other financial capitals, facilitating in-person introductions for the Company with institutional and retail brokers and investors, and media distribution to print, broadcast and other media editors and investor distribution channels.
The investor relations agreement has a 12 month term commencing April 1, 2017, for a fee of $87,000 for the term. The Company has also issued 300,000 stock options to FronTier at an exercise price equal to the closing price of the Company’s stock on the day prior to the effective date of the agreement. Services will be provided primarily by Daniel Clermont, an investor relations representative of FronTier. FronTier currently owns no shares or instruments convertible into shares, and neither FronTier nor Daniel Clermont has any other direct or indirect interest in the Company.
ABOUT URBAN COMMUNICATIONS INC.
Urban Communications Inc. (TSX-V:UBN) is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its 300 km. state-of-the-art carrier grade fibre optic network in Metro Vancouver and Victoria to commercial, residential and public sector customers. Urban has recently launched high-speed Internet service to residential and commercial subscribers on its network at 1,000 Mbps (1 Gbps).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.