Urbana Corporation Purchases Additional American Stock Exchange Membership
Toronto, Ontario – May 28, 2008 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has entered into an agreement to purchase an additional membership in the American Stock Exchange (“AMEX”), a private entity, for approximately US$325,000. This purchase increases Urbana’s stake in the AMEX to 31 memberships with an approximate value of CDN$10,075,000.
In existence for more than a century, the AMEX has been a pioneer in market innovation and has recently been the object of a takeover bid by the New York Stock Exchange.
Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana’s current focus is buying memberships 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.