Urbana Corporation Announces Cancellation of Financing
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.
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.