Urbana Corporation Announces Purchase of a Second NYSE Seat
Toronto, Ontario – July 28, 2004 – Urbana Corporation (TSX Venture: URB) is pleased to announce its wholly-owned subsidiary, Urbana America Inc., has purchased a second seat on the New York Stock Exchange. Management of Urbana Corporation views this purchase, through its nominee, as a long-term investment with both income and capital gains potential. This purchase by Urbana Corporation, in conjunction with its continuing mineral exploration activities, illustrates our company’s long-term balance between investment and natural resource activities. The purchase price for the New York Stock Exchange Seat was $1.65 Million (U.S.). This seat has been leased for $160,000(U.S.) per year under a 1 year lease.
Please contact Thomas S. Caldwell at 416-595-9106 for further information.
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