Urbana Corporation Purchases Memberships and Shares
Toronto, Ontario – April 26, 2007 – Urbana Corporation (“Urbana”) (TSX: URB/URB.A /URB.WT) is pleased to announce that it has initiated a position in the Winnipeg Commodity Exchange Inc. (“WCE”). At the April 25th, 2007 meeting, the Directors of the WCE approved Urbana’s purchase of 23,500 shares. The WCE is a private corporation.
Also, Urbana has entered into an agreement to purchase a second seat on the Minneapolis Grain Exchange (“MGE”), a private corporation. This purchase is subject to MGE Board approval.
Urbana purchased an additional 100 shares on the Philadelphia Stock Exchange (“PHLX”), also a private corporation. This brings Urbana’s total PHLX holdings to 300 shares. Each 100 share lot of PHLX represents one seat prior to that exchange’s demutualization.
The total cost of these purchases is approximately US $1.2 million.
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.