Change of Business
Toronto, Ontario – July 12, 2005 – URBANA CORPORATION
As announced in 2004, Urbana Corporation has acquired for investment purposes the beneficial interest in three seats on the New York Stock Exchange. The investment in these seats results in substantially more than 50% of the company’s assets being employed in non-mining assets. Under the applicable rules, this constitutes a change of business so that the company is now to be classed as an investment issuer rather than as a mining issuer on the TSX Venture Exchange. At the recent annual meeting of shareholders the requisite change of business filings were authorized and have now been completed.
Urbana Corporation still maintains its 100% interest in its 72 mining claims in Urban Township, Quebec.
Please contact Thomas S. Caldwell at 416-595-9106 for further information.
This press release has not been reviewed by the TSX Venture Exchange.