Urbana Corporation Purchases Additional CBOE Membership
Toronto, Ontario – May 3, 2010 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has entered into an agreement to purchase an additional membership in the Chicago Board Options Exchange (“CBOE”), a private entity.
The cost of this purchase is US$2.425 million.
Urbana now holds a total of 25 CBOE memberships currently valued at CDN$61.26 million or 35.5% of the company’s investment portfolio.
This investment is within the context of Urbana’s current strategy of acquiring interests in businesses within the financial services sector. Urbana is an investment corporation listed on the Toronto Stock Exchange (TSX: URB.A). Urbana also has interests in numerous North American and international securities exchanges.
Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that the membership purchase announced will be completed, or that if completed, such membership purchase will be a profitable investment for Urbana. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.