Urbana Corporation Purchases Two Additional Minneapolis Grain Exchange Memberships
Toronto, Ontario – February 7th, 2008 – Urbana Corporation (“Urbana”) (TSX:URB.A) is pleased to announce that it has acquired another two memberships on the Minneapolis Grain Exchange (“MGEX”), a private entity, for approximately US$574,000. This purchase increases Urbana’s stake to 34 memberships in the MGEX worth approximately CDN$9.8 million.
MGEX, established in 1881, is the only market for Hard Red Spring Wheat, National Corn Index (NCI), National Soybean Index (NSI), Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI) and Soft Red Winter Wheat Index (SRWI) futures and options.
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.