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Toronto, Ontario – December 1st, 2009 – Urbana Corporation (“Urbana”) (TSX: URB / URB.A) invests in seats and shares of private and public securities exchanges in North America and around the world. Urbana’s largest single exchange investment is 23 seats on the Chicago Board Options Exchange (“CBOE”). As of last night’s close, Urbana’s CBOE investment was worth $67,898,875 million or approximately 39% of the value of the portfolio.

 

On Monday, November 30, 2009, the CBOE announced they “have reached a settlement of the appeals in the exercise right litigation. Under this settlement, CBOE would pay the appealing parties an aggregate amount of $4,171,243 to settle all appeals. The Chicago Mercantile Exchange (“CME”) would reimburse the CBOE for one-half of this settlement about so CBOE’s net payment would be $2,085,621.50.

 

This settlement is conditioned on the Delaware Supreme Court granting that dismissal within two weeks.

 

The CBOE believes this settlement of the appeals would eliminate all remaining litigation impediments to demutualization within days or weeks instead of months and would avoid further legal expenses related to the appeals.”

 

There CBOE has also implemented a seat transaction moratorium from 7am – 10am today.

 

Urbana views this as a positive development for its holdings in the CBOE.

 

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

 

Forward Looking Statements

 

Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Toronto, Ontario – November 10, 2009 – Urbana Corporation (“Urbana”) (TSX: URB, URB.A) is pleased to announce that it completed a closing relating to its previously announced short form prospectus offering (the “Offering”) of units (“Units”) through Blackmont Capital Inc. and National Bank Financial Inc., as co-lead agents for a syndicate including BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., Canaccord Capital Corporation and GMP Securities L.P. (collectively, the “Agents”). 10,536,320 Units have been sold for gross proceeds of over $20 million. A copy of the prospectus related to the Offering is available at www.sedar.com under Company Profiles – Urbana Corporation.

 

Each Unit sold pursuant to the Offering for 1.90 consists of one non-voting Class A share (each a “Non-Voting Class A Share”) in the capital of Urbana and one-half of one Series B Non-Voting Class A Share purchase warrant (each a “Warrant”). Each whole Warrant entitles the holder to purchase one Non-Voting Class A Share at an exercise price of $2.50 until November 10, 2011. The Units separated into Non-Voting Class A Shares and Warrants immediately upon the closing today.

 

The net proceeds of the Offering will be used for general corporate purposes, including the purchase, directly or indirectly, of additional participations in various securities and derivatives exchanges as the opportunity arises.

 

Urbana has granted the agents an over-allotment option which entitles the agents to purchase additional Non-Voting Class A Shares and Warrants to a maximum of 15% of the Non-Voting Class A Shares and Warrants issued pursuant to the Offering for a period of 30 days following today’s closing.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

 

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

 

Caldwell Investment Management Ltd. (“CIM”) is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

 

Forward Looking Statements

 

Certain statements included in this news release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. When used in this news release, words such as “may”, “could”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to Urbana or CIM are intended to identify forward-looking statements. These statements reflect Urbana’s and CIM’s current views

 

regarding future results or events, are based on information currently available to Urbana and CIM and speak only as of the date hereof. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties that could cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements.

 

These assumptions and risks include, among others, the ability of CIM to find suitable investments for Urbana; fluctuations in the value of Urbana’s investments; changes in the market prices of securities in which Urbana has an interest; risks related to fluctuations in market conditions and currencies, the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the risk that the offering may not be completed or if completed, will be completed on terms otherwise than as contemplated herein; the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the reliance on and discretion of CIM in making investment decisions; the potentially high rate of portfolio turnover; risks related to the effect of consolidation on Urbana’s competitive position; reliance on key personnel of Urbana and CIM; conflicts of interest between Urbana, CIM and other funds and portfolios managed by CIM; the possibility of termination of the investment management agreement between Urbana and CIM; the effect of alternative trading systems on exchanges in which Urbana has an interest; risks related to the fact that the Non-Voting Class A Shares may trade at a discount to the net asset value per share; risks related to the use of leverage and short-term margin borrowings; the absence of a prior public market for the Warrants; the potential decrease in the market price of Non-Voting Class A Shares and Warrants if Urbana issues additional securities; risks related to short selling; the use of options; and risks related to legal and tax matters and the regulatory environment, and other factors which are discussed in the section entitled “Risk Factors” in the preliminary prospectus, in other sections of the preliminary prospectus and in Urbana’s Annual Information Form under the heading “Risk Factors”. Although the forward-looking statements contained in this news release are based on what Urbana and CIM believe are reasonable assumptions, should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Readers should not place undue reliance on forward-looking statements. Unless required by applicable securities law, Urbana does not intend, and does not assume any obligation, to update or revise these forward-looking statements.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

TORONTO, Nov. 2 /CNW/ – Urbana Corporation (“Urbana”) (TSX: URB/URB.A) is pleased to announce that it has filed a final prospectus with Canadian securities administrators with respect to its previously announced filing of preliminary prospectus and amended and restated preliminary prospectus in connection with the offering of units (“Units”). The offering will consist of 10,526,320 Units (the “Offering”) for gross proceeds of $20,000,008. Each Unit will be priced at $1.90 and will be comprised of one non-voting Class A Share in the capital of Urbana (“Non-Voting Class A Share”) and one-half of one Series B Non-Voting Class A Share purchase warrant (“Warrant”), which will entitle the holder of a whole Warrant to buy at any time up to two years after closing of the Offering, one Non-Voting Class A Share at an exercise price of $2.50. A copy of the prospectus is available at www.sedar.com under Company Profiles – Urbana Corporation.

 

The net proceeds of the Offering will be used for general corporate purposes, including the purchase, directly or indirectly, of additional participations in various securities and derivatives exchanges as the opportunity arises. Blackmont Capital Inc. and National Bank Financial Inc. are co-lead agents for a syndicate that includes BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., Canaccord Capital Corporation and GMP Securities L.P. (the “Agents”). Closing of the Offering (“Closing”) is expected to take place on November 10, 2009 or such other date as Urbana and the Agents may agree. The Agents have been offered an over-allotment option of up to 15% of the securities offered exercisable in whole or in part within 30 days after Closing. This will enable the Agents to purchase additional Non-Voting Class A Shares and Warrants at specified prices to cover over-allotments, if any, for market stabilization purposes.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

 

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

 

Caldwell Investment Management Ltd. (“CIM”) is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

 

Forward Looking Statements

 

Certain statements included in this news release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. When used in this news release, words such as “may”, “could”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to Urbana or CIM are intended to identify forward-looking statements. These statements reflect Urbana’s and CIM’s current views regarding future results or events, are based on information currently available to Urbana and CIM and speak only as of the date hereof. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties that could cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. These assumptions and risks include, among others, the ability of CIM to find suitable investments for Urbana; fluctuations in the value of Urbana’s investments; changes in the market prices of securities in which Urbana has an interest; risks related to fluctuations in market conditions and currencies, the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the risk that the offering may not be completed or if completed, will be completed on terms otherwise than as contemplated herein; the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the reliance on and discretion of CIM in making investment decisions; the potentially high rate of portfolio turnover; risks related to the effect of consolidation on Urbana’s competitive position; reliance on key personnel of Urbana and CIM; conflicts of interest between Urbana, CIM and other funds and portfolios managed by CIM; the possibility of termination of the investment management agreement between Urbana and CIM; the effect of alternative trading systems on exchanges in which Urbana has an interest; risks related to the fact that the Non-Voting Class A Shares may trade at a discount to the net asset value per share; risks related to the use of leverage and short-term margin borrowings; the absence of a prior public market for the Warrants; the potential decrease in the market price of Non-Voting Class A Shares and Warrants if Urbana issues additional securities; risks related to short selling; the use of options; and risks related to legal and tax matters and the regulatory environment, and other factors which are discussed in the section entitled “Risk Factors” in the prospectus, in other sections of the prospectus and in Urbana’s Annual Information Form under the heading “Risk Factors”. Although the forward-looking statements contained in this news release are based on what Urbana and CIM believe are reasonable assumptions, should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Readers should not place undue reliance on forward-looking statements. Unless required by applicable securities law, Urbana does not intend, and does not assume any obligation, to update or revise these forward-looking statements.

 

For further information: Elizabeth Naumovski, Investor Relations at (416) 595-9106

Toronto, Ontario – October 23, 2009 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A) has filed an amended and restated preliminary short form prospectus with Canadian securities administrators, providing for the offering of units (the “Units”) and amending and restating the preliminary prospectus filed on October 21, 2009. The prospectus was amended to add the full syndicate of agents, consisting of co-lead agents Blackmont Capital Inc. and National Bank Financial Inc. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Scotia Capital Inc., TD Securities Inc., Cormark Securities Inc., Canaccord Capital Inc. and GMP Securities L.P. and to insert the price of the Units, which are being offered at $1.90 per Unit. Each Unit will be comprised of one non-voting Class A Share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Series B Non-Voting Class A Share purchase warrant (“Warrant”), which will entitle the holder of a whole Warrant to buy at any time up to two years after closing of the Offering, one Non-Voting Class A Share at an exercise price of $2.50. A copy of the amended and restated preliminary prospectus is available at www.sedar.com under Company Profiles – Urbana Corporation.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

 

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

 

Caldwell Investment Management Ltd. (“CIM”) is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

 

Forward Looking Statements

 

Certain statements included in this news release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. When used in this news release, words such as “may”, “could”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to Urbana or CIM are intended to identify forward-looking statements. These statements reflect Urbana’s and CIM’s current views regarding future results or events, are based on information currently available to Urbana and CIM and speak only as of the date hereof. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties that could cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements.

 

These assumptions and risks include, among others, the ability of CIM to find suitable investments for Urbana; fluctuations in the value of Urbana’s investments; changes in the market prices of securities in which Urbana has an interest; risks related to fluctuations in market conditions and currencies, the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the risk that the offering may not be completed or if completed, will be completed on terms otherwise than as contemplated herein; the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the reliance on and discretion of CIM in making investment decisions; the potentially high rate of portfolio turnover; risks related to the effect of consolidation on Urbana’s competitive position; reliance on key personnel of Urbana and CIM; conflicts of interest between Urbana, CIM and other funds and portfolios managed by CIM; the possibility of termination of the investment management agreement between Urbana and CIM; the effect of alternative trading systems on exchanges in which Urbana has an interest; risks related to the fact that the Non-Voting Class A Shares may trade at a discount to the net asset value per share; risks related to the use of leverage and short-term margin borrowings; the absence of a prior public market for the Warrants; the potential decrease in the market price of Non-Voting Class A Shares and Warrants if Urbana issues additional securities; risks related to short selling; the use of options; and risks related to legal and tax matters and the regulatory environment, and other factors which are discussed in the section entitled “Risk Factors” in the preliminary prospectus, in other sections of the preliminary prospectus and in Urbana’s Annual Information Form under the heading “Risk Factors”. Although the forward-looking statements contained in this news release are based on what Urbana and CIM believe are reasonable assumptions, should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Readers should not place undue reliance on forward-looking statements. Unless required by applicable securities law, Urbana does not intend, and does not assume any obligation, to update or revise these forward-looking statements.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

Toronto, Ontario – October 22, 2009 – Urbana Corporation (“Urbana”) (TSX:URB)(TSX:URB.A) has priced the offering of units (“Units”) relating to the preliminary prospectus filed October 21, 2009 (the “Offering”). Urbana and the Agents (defined below) have negotiated a price of $1.90 per Unit (the “Offering Price”) to raise gross proceeds of approximately $17 million. Each Unit will be comprised of one non-voting Class A Share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Series B Non-Voting Class A Share purchase warrant (“Warrant”), which will entitle the holder of a Warrant to buy at any time up to two years after closing of the Offering, one Non-Voting Class A Share at $2.50 per non-voting Class A share. A copy of the preliminary prospectus is available at www.sedar.com under Company Profiles – Urbana Corporation.

 

The Offering is being marketed on behalf of Urbana by Blackmont Capital Inc. and National Bank Financial Inc., as co-lead agents (the “Agents’) The Company has granted the Agents an option, exercisable in whole or in part at the sole discretion of the Agents within 30 days after the closing of the Offering, enabling them to purchase up to an additional 15% of the Offering at the Offering Price, solely to cover over-allotments, if any, and for market stabilization purposes. Urbana has applied to the TSX to list the Non-Voting Class A Shares (including the Non-Voting Class A Shares issuable upon exercise of the Warrants) and the Warrants issued in connection with the offering on the TSX. Listing will be subject to Urbana fulfilling all the listing requirements of the TSX.

 

Urbana intends to use the net proceeds of the offering for general corporate purposes, including the purchase, directly or indirectly, of additional participations in various securities and derivatives exchanges as the opportunity rises.

 

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

 

Caldwell Investment Management Ltd. (“CIM”) is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

 

Forward Looking Statements

 

Certain statements included in this news release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. When used in this news release, words such as “may”, “could”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to Urbana or CIM are intended to identify forward-looking statements. These statements reflect Urbana’s and CIM’s current views

 

regarding future results or events, are based on information currently available to Urbana and CIM and speak only as of the date hereof. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties that could cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements.

 

These assumptions and risks include, among others, the ability of CIM to find suitable investments for Urbana; fluctuations in the value of Urbana’s investments; changes in the market prices of securities in which Urbana has an interest; risks related to fluctuations in market conditions and currencies, the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the risk that the offering may not be completed or if completed, will be completed on terms otherwise than as contemplated herein; the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the reliance on and discretion of CIM in making investment decisions; the potentially high rate of portfolio turnover; risks related to the effect of consolidation on Urbana’s competitive position; reliance on key personnel of Urbana and CIM; conflicts of interest between Urbana, CIM and other funds and portfolios managed by CIM; the possibility of termination of the investment management agreement between Urbana and CIM; the effect of alternative trading systems on exchanges in which Urbana has an interest; risks related to the fact that the Non-Voting Class A Shares may trade at a discount to the net asset value per share; risks related to the use of leverage and short-term margin borrowings; the absence of a prior public market for the Warrants; the potential decrease in the market price of Non-Voting Class A Shares and Warrants if Urbana issues additional securities; risks related to short selling; the use of options; and risks related to legal and tax matters and the regulatory environment, and other factors which are discussed in the section entitled “Risk Factors” in the preliminary prospectus, in other sections of the preliminary prospectus and in Urbana’s Annual Information Form under the heading “Risk Factors”. Although the forward-looking statements contained in this news release are based on what Urbana and CIM believe are reasonable assumptions, should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Readers should not place undue reliance on forward-looking statements. Unless required by applicable securities law, Urbana does not intend, and does not assume any obligation, to update or revise these forward-looking statements.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

Toronto, Ontario – October 21, 2009 – Urbana Corporation (“Urbana”) (TSX:URB)(TSX:URB.A) has filed a preliminary short form prospectus with Canadian securities administrators providing for the offering of units (“Units”). Each Unit will be comprised of one non-voting Class A Share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Series B Non-Voting Class A Share purchase warrant (“Warrant”), which will entitle the holder of a Warrant to buy at any time up to two years after closing of the Offering, one Non-Voting Class A Share at a price to be determined in the context of the market. A copy of the preliminary prospectus is available at www.sedar.com under Company Profiles – Urbana Corporation.

 

The offering is being marketed on behalf of Urbana by Blackmont Capital Inc. and National Bank Financial Inc., as co-lead agents. Urbana intends to use the net proceeds of the offering for general corporate purposes, including the purchase, directly or indirectly, additional participations in various securities and derivatives exchanges as the opportunity rises. The offering is subject to TSX approval.

 

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others. Caldwell Investment Management Ltd. (“CIM”) is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Please contact Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

 

Forward Looking Statements

 

Certain statements included in this news release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. When used in this news release, words such as “may”, “could”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to Urbana or CIM are intended to identify forward-looking statements. These statements reflect Urbana’s and CIM’s current views

 

regarding future results or events, are based on information currently available to Urbana and CIM and speak only as of the date hereof. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties that could cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements.

 

These assumptions and risks include, among others, the ability of CIM to find suitable investments for Urbana; fluctuations in the value of Urbana’s investments; changes in the market prices of securities in which Urbana has an interest; risks related to fluctuations in market conditions and currencies, the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the risk that the offering may not be completed or if completed, will be completed on terms otherwise than as contemplated herein; the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; the reliance on and discretion of CIM in making investment decisions; the potentially high rate of portfolio turnover; risks related to the effect of consolidation on Urbana’s competitive position; reliance on key personnel of Urbana and CIM; conflicts of interest between Urbana, CIM and other funds and portfolios managed by CIM; the possibility of termination of the investment management agreement between Urbana and CIM; the effect of alternative trading systems on exchanges in which Urbana has an interest; risks related to the fact that the Non-Voting Class A Shares may trade at a discount to the net asset value per share; risks related to the use of leverage and short-term margin borrowings; the absence of a prior public market for the Warrants; the potential decrease in the market price of Non-Voting Class A Shares and Warrants if Urbana issues additional securities; risks related to short selling; the use of options; and risks related to legal and tax matters and the regulatory environment, and other factors which are discussed in the section entitled “Risk Factors” in the preliminary prospectus, in other sections of the preliminary prospectus and in Urbana’s Annual Information Form under the heading “Risk Factors”. Although the forward-looking statements contained in this news release are based on what Urbana and CIM believe are reasonable assumptions, should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Readers should not place undue reliance on forward-looking statements. Unless required by applicable securities law, Urbana does not intend, and does not assume any obligation, to update or revise these forward-looking statements.

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

Toronto, Ontario – September 14, 2009 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has entered into an agreement to purchase an additional membership in the Chicago Board Options Exchange (“CBOE”), a private entity.

 

The total cost of this purchase is approximately US$2.1 million.

 

Urbana’s exchange portfolio now holds a total of 23 CBOE memberships worth approximately CDN$53.68 million.

 

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying memberships in private and public securities exchanges in North America and around the world.

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

 

Forward Looking Statements

 

Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Toronto, Ontario – August 26, 2009 – Urbana Corporation (“Urbana”) (TSX: URB.A) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to conduct a normal course issuer bid to enable it to purchase up to 6,650,723 of its non-voting Class A shares (the “Class A Shares”), representing 10% of the public float, pursuant to TSX rules.

 

Purchases under the bid may commence on August 28, 2009, and will terminate on the earlier of August 27, 2010, the date Urbana completes its purchases pursuant to the notice of intention to make a normal course issuer bid filed with the TSX or the date of notice by Urbana of termination of the bid. Purchases will be made on the open market by Urbana through the facilities of the TSX in accordance with the rules and policies of the TSX. Caldwell Securities Ltd. will make all purchases pursuant to the bid on behalf of Urbana. The price that Urbana will pay for any such shares will be the market price of such shares on the TSX at the time of acquisition. Class A Shares purchased under the bid will be cancelled. Urbana will not purchase in any given 30 day period, in the aggregate, more than 1,340,000 Class A Shares, being 2% of the 67,000,000 issued and outstanding Class A Shares as at August 26, 2009.

 

During the past twelve months, Urbana purchased 1,336,582 Class A Shares. The Class A Shares were purchased on the open market at an average purchase price per Class A Share of $1.29.

 

To the knowledge of Urbana, no director, senior officer or other insider of Urbana currently intends to sell any Class A shares under the bid. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or if any such person makes a decision unrelated to the bid. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.

 

Urbana believes that the market price of its Class A Shares at certain times may be attractive and that the purchase of Class A Shares from time to time would be an appropriate use of corporate funds in light of potential benefits to remaining shareholders.

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

 

Forward Looking Statements

 

Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Toronto, Ontario – July 9, 2009 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A/URB.WT.A.) announced today that it is withdrawing its previously announced offering of Class A non-voting shares of Urbana (the “Offering”). Urbana has determined that due to current market conditions, the price at which it could complete the Offering would result in too much dilution to existing shareholders to justify proceeding with the Offering.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

 

Caldwell Investment Management Ltd. (“CIM”) is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

Please contact:
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

Toronto, Ontario – June 15, 2009 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A) has filed a preliminary short form prospectus with Canadian securities administrators providing for the offering of units (“Units”). Each Unit will be comprised of one non-voting Class A Share (“Non-Voting Class A Share”) in the capital of Urbana and a number of Non-Voting Class A Share purchase warrants (“Warrant”) to be determined prior to filing the final prospectus, which will entitle the holder of a Warrant to buy at any time after closing one Non-Voting Class A Share at a price and for a time period to be determined in the context of the market prevailing when the final prospectus is filed. A copy of the preliminary prospectus is available at www.sedar.com under Company Profiles – Urbana Corporation.

 

The offering is being marketed on behalf of Urbana by Blackmont Capital Inc. and National Bank Financial Inc., as co-lead agents together with a syndicate including BMO Capital Markets Corp., CIBC World Markets Inc., Cormark Securities Inc., Raymond James Ltd., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corp. and GMP Securities L.P.

 

Urbana intends to use the net proceeds of the offering to purchase equity shares in the National Stock Exchange of India Limited (the “NSE”). Urbana’s investment manager, Caldwell Investment Management Ltd. (“CIM”), has entered into a non-binding term sheet with a large Indian financial intermediary to facilitate the acquisition by Urbana from existing NSE shareholders of up to 5% of the equity shares of the NSE. Urbana expects to be able to acquire NSE shares within a reasonable time following the closing of its current prospectus offering.

 

Urbana is an investment fund corporation that is listed on the Toronto Stock Exchange. Urbana’s current investment focus is acquiring interests in private and public exchange properties around the world for long-term gains. Currently, Urbana’s portfolio includes shares or seats of NYSE Euronext, TMX Group, Chicago Board Options Exchange and The Bombay Stock Exchange, among others.

 

CIM is the investment manager of Urbana. Thomas S. Caldwell, the Chairman of CIM is also the Chairman and President of Urbana.

 

Please contact:

 

Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

 

Forward Looking Statements

 

Certain statements included in this news release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. When used in this news release, words such as “may”, “could”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to Urbana or CIM are intended to identify forward-looking statements. These statements reflect Urbana’s and CIM’s current views regarding future results or events, are based on information currently available to Urbana and CIM and speak only as of the date hereof. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties that could cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. These assumptions and risks include, among others, the ability of CIM to find suitable investments for Urbana; fluctuations in the value of Urbana’s investments; changes in the market prices of securities in which Urbana has an interest; risks related to fluctuations in market conditions and currencies, the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; risks arising from Urbana’s material interest in Indian stock exchanges; the term sheet with the large Indian financial intermediary is non-binding and there can be no assurance that the understandings reflected in the non-binding term sheet with the large Indian financial intermediary will result in a completed transaction or that the large Indian financial intermediary will agree to or be successful in facilitating a transaction resulting in the acquisition of NSE shares by Urbana; the risk that the purchase of the NSE shares or other acquisitions may not be completed or if completed, will be completed on terms and conditions different from those currently contemplated by Urbana and CIM or otherwise described herein; if NSE shares are not available on terms acceptable to Urbana, the net proceeds of the offering will be used for the purchase of interests in other securities or derivatives exchanges; the risk that the offering may not be completed or if completed, will be completed on terms otherwise than as contemplated herein; the risk that certain exchanges may have restrictions on ownership and result in illiquid investments; the concentration of Urbana’s investments in the exchange industry and among certain geographic regions or countries; risks related to foreign government policies, political or social instability and foreign withholding taxes; risks arising from Urbana’s material interest in Indian stock exchanges, in particular should Urbana acquire interests in the NSE as currently contemplated; the reliance on and discretion of CIM in making investment decisions; the potentially high rate of portfolio turnover; risks related to the effect of consolidation on Urbana’s competitive position; reliance on key personnel of Urbana and CIM; conflicts of interest between Urbana, CIM and other funds and portfolios managed by CIM; the possibility of termination of the investment management agreement between Urbana and CIM; the effect of alternative trading systems on exchanges in which Urbana has an interest; risks related to the use of leverage and short-term margin borrowings; the absence of a prior public market for the Warrants; the potential decrease in the market price of Non-Voting Class A Shares and Warrants if Urbana issues additional securities; risks related to short selling; the use of options; and risks related to legal and tax matters and the regulatory environment, and other factors which are discussed in the section entitled “Risk Factors” in the preliminary prospectus, in other sections of the preliminary prospectus and in Urbana’s Annual Information Form under the heading “Risk Factors”. Although the forward-looking statements contained in this news release are based on what Urbana and CIM believe are reasonable assumptions, should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Readers should not place undue reliance on forward-looking statements. Unless required by applicable securities law, Urbana does not intend, and does not assume any obligation, to update or revise these forward-looking statements.