Toronto, Ontario – May 16th, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has taken a CDN$26.5 million interest in the Bombay Stock Exchange (“BSE”).
This purchase is being made indirectly by way of an investment in shares of Caldwell India Holdings Inc. (“CIH”) and was facilitated by Caldwell Asset Management Inc. (“CAM”). CIH is a corporation established under the laws of Mauritius for the sole purpose of investing in exchange properties and other holdings in India for clients of CAM and Caldwell Investment Management Ltd., Urbana’s investment manager.
CIH’s inaugural investment is the acquisition of 308,888 shares of the Bombay Stock Exchange (“BSE”) at a cost of Rs1.624 billion (CDN$43.5 million). This purchase represents 4% of the outstanding shares of the BSE. Urbana currently owns 60.9% of CIH’s equity shares.
A privately owned corporation based in India’s financial capital, Mumbai, the BSE is the oldest stock exchange in India and is one of the country’s two major equity bourses.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares 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.
Toronto, Ontario – April 26, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has initiated a position in the Winnipeg Commodity Exchange Inc. (“WCE”). At the April 25th, 2007 meeting, the Directors of the WCE approved Urbana’s purchase of 23,500 shares. The WCE is a private corporation.
Also, Urbana has entered into an agreement to purchase a second seat on the Minneapolis Grain Exchange (“MGE”), a private corporation. This purchase is subject to MGE Board approval.
Urbana purchased an additional 100 shares on the Philadelphia Stock Exchange (“PHLX”), also a private corporation. This brings Urbana’s total PHLX holdings to 300 shares. Each 100 share lot of PHLX represents one seat prior to that exchange’s demutualization.
The total cost of these purchases is approximately US $1.2 million.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares 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.
Toronto, Ontario – April 23, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase 2 additional seats on the Chicago Board Options Exchange (“CBOE”), a private entity.
The total cost of this purchase is approximately US $4,599,000.
Urbana now owns a total of 8 CBOE seats in its portfolio. Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares 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.
Toronto, Ontario – March 26, 2007 – Urbana Corporation (“Urbana”) announces today that Robert M. Callander has resigned as a Director of Urbana effective as of March 23, 2007. Urbana would like to thank Mr. Callander for his contribution as a director.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares 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.
Toronto, Ontario – March 13, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase two seats on the Chicago Board Options Exchange (“CBOE”), a private entity.
The total cost of this purchase is approximately US $4,400,000.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares 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.
Toronto, Ontario — March 7, 2007 — Urbana Corporation (“Urbana”) (TSX: URB / URB.A / URB.WT) announces that the sale and transfer restriction on one-third of the NYSE Group Inc. (“NYX”) common shares held in Urbana’s investment portfolio has been released today. As a result these NYX common shares are now freely tradable. Urbana’s current intention, however, is to maintain its NYX position as a long-term holding.
Urbana also announces that, for financial reporting purposes, and with the approval of its auditors, it will record the value of any restricted NYX common shares at a discount rate of prime plus 1% up to the date when Urbana expects such shares to become freely tradable. This will result in an adjustment of less than 2% to Urbana’s previously published weekly net asset value calculations.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares in private and public securities exchanges in North America and around the world.
Please contact Elizabeth Naumovski 416-595-9106 for further information.
Toronto, Ontario – February 15, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to purchase a seat on the Chicago Board Options Exchange (“CBOE”), a private entity.
The total cost of this purchase is approximately US $1,875,000.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares 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.
Toronto, Ontario – February 13, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has entered into an agreement to buy its first seat on the Minneapolis Grain Exchange (“MGEX”). Founded in 1881, MGEX is the principal market for hard red spring (HRS) wheat.
This purchase is subject to the approval of the MGEX’s Executive Committee.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying seats and shares in private and public securities exchanges in North America and around the world.
Please contact: Elizabeth Naumovski at 416-595-9106 for further information.
Toronto, Ontario – January 29, 2007 – Urbana Corporation (“Urbana”) (TSX: URB) today announced the closing of the over-allotment option whereby Blackmont Capital Inc., on behalf of the syndicate of agents, exercised the over-allotment option granted to them in connection with Urbana’s previously announced offering of units (the “Units”), which closed on January 11, 2007. Each Unit consisted of one non-voting Class A share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Non-Voting Class A Share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one Non-Voting Class A Share at an exercise price of $3.75 until January 11, 2009. The Units separated into Non-Voting Class A Shares and Warrants immediately upon closing of the offering.
The over-allotment option was exercised in full, which resulted in the sale of an additional 2,419,000 Non-Voting Class A Shares and an additional 1,209,500 Warrants, at a price of $3.05 per Non-Voting Class A Share and $0.05 per one-half Warrant, for gross proceeds of $7,498,900.
Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial Ltd. (“Caldwell Financial”).Caldwell Financial owns 40% of Urbana’s common shares and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 965,927 common shares of Urbana and exercises control or direction over the 4,000,000 common shares of Urbana owned by Caldwell Financial through his interest in Caldwell Financial. In total, Thomas S. Caldwell owns and exercises control or direction over approximately 49.66% of Urbana’s common shares.
Please contact Thomas S. Caldwell at 416-595-9106 for further information.
Toronto, Ontario – January 24, 2007 – Urbana Corporation (“Urbana”) (TSX: URB) today announced that Blackmont Capital Inc., on behalf of the syndicate of agents, has exercised the over-allotment option granted to them in connection with Urbana’s previously announced offering of units (the “Units”), which closed on January 11, 2007. Each Unit consisted of one non-voting Class A share (“Non-Voting Class A Share”) in the capital of Urbana and one-half of one Non-Voting Class A Share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one Non-Voting Class A Share at an exercise price of $3.75 until January 11, 2009. The Units separated into Non-Voting Class A Shares and Warrants immediately upon closing of the offering.
The over-allotment option has been exercised in full, which will result in the sale of an additional 2,419,000 Non-Voting Class A Shares and an additional 1,209,500 Warrants, at a price of $3.05 per Non-Voting Class A Share and $0.05 per one-half Warrant, for gross proceeds of $7,498,900. The closing of the over-allotment option is expected to occur on January 29, 2007.
Caldwell Investment Management Ltd., which acts as investment manager for Urbana, is wholly owned by Caldwell Financial Ltd. (“Caldwell Financial”).Caldwell Financial owns 40% of Urbana’s common shares and is controlled by Thomas S. Caldwell, the President of Urbana. Thomas S. Caldwell beneficially owns directly or indirectly 965,927 common shares of Urbana and exercises control or direction over the 4,000,000 common shares of Urbana owned by Caldwell Financial through his interest in Caldwell Financial. In total, Thomas S. Caldwell owns and exercises control or direction over approximately 49.66% of Urbana’s common shares.
Please contact Thomas S. Caldwell at 416-595-9106 for further information.
