Urbana Corporation Purchases an Additional Kansas City Board of Trade Membership and an Additional Minneapolis Grain Exchange Membership
Toronto, Ontario – January 18, 2010 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has entered into an agreement to buy an additional membership in the Kansas City Board of Trade (“KCBOT”) for approximately US$310,000. This purchase increases Urbana’s KCBOT stake to 11 memberships worth approximately CDN$3.48 million, representing a 5.73% ownership interest in the KCBOT. The purchase of the KCBOT seat is subject to approval by the KCBOT’s Board of Directors.
Urbana has also acquired another membership on the Minneapolis Grain Exchange (“MGEX”), for US$90,000. This purchase increases Urbana’s stake in the MGEX to 42 memberships worth approximately CDN$3.9 million, representing a 10.5% ownership interest.
These acquisitions are in keeping with Urbana’s strategy of accumulating a significant ownership stake in America’s derivatives exchanges.
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.
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.