Urbana Corporation Purchases 23 Additional Minneapolis Grain Exchange Memberships
Toronto,Ontario – September 7th, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT/URB.WT.A) is pleased to announce that it has acquired another 23 memberships on the Minneapolis Grain Exchange (“MGEX”), a private entity, for approximately US$5.9 million. This purchase increases Urbana’s stake in the MGEX to approximately CDN$8.8 million or 31 memberships.
MGEX, established in 1881, is the only market for Hard Red Spring Wheat, National Corn Index (NCI), National Soybean Index (NSI), Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI) and Soft Red Winter Wheat Index (SRWI) futures and options.
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.
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.