Urbana Corporation Purchases Membership in the Karachi Stock Exchange
Toronto, Ontario – October 5, 2007 – Urbana Corporation (“Urbana”) (TSX: URB.A) is pleased to announce that it has initiated an ownership position in the Karachi Stock Exchange (“KSE”) by purchasing its first seat for the equivalent of CDN$1.7 million.
The KSE was formed in 1947 and is the largest and most liquid exchange in Pakistan. The KSE is a private entity and its membership is fixed at 200 seats.
The Directors of Urbana are appreciative of the efforts of First Dawood Investment Bank in assisting to facilitate this seat purchase.
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.