Uniserve Announces 2.5:1 Rollback of its Common Shares
30 June 2017 - 8:42AM
Uniserve Communications Corporation (“Uniserve”) wishes to announce
that it will be proceeding with a rollback of its issued and
outstanding common shares on a 2 and one-half (2.5) old for one (1)
new basis effective at the opening of the market on Friday, June
30, 2017 wherein the total 89,878,385 issued and outstanding shares
of Uniserve will become 35,951,237 with adjustment due to
fractional rounding of 117, on a post-consolidated basis. The
89,878,385 issued and outstanding on a pre-consolidated basis
includes the issuance of 6,000,000 common shares pursuant to
Uniserve’s 6,000,000 Unit private placement at $0.10 per Unit, as
announced pursuant to Uniserve’s press release dated June 12, 2017,
the terms of which being revised by releases dated June 16, 2017
and June 26, 2017, which placement received TSX Venture Exchange
approval by letter dated June 28, 2017.
Uniserve received Shareholder approval to a
consolidation at its Annual General Meeting held November 26, 2015,
where, at that time, Shareholders granted authorization to the
Board of Directors of Uniserve, at their discretion, the right to
consolidate its shares as they deemed fit and upon receipt of TSX
Venture Exchange approval, which was received June 1,
2017.
ABOUT UNISERVE
Uniserve Communications Corporation (TSX-V:USS)
is a leader in the integration and delivery of voice and data
services over multiple IP networks directly and through wholesale
partnerships to businesses and retail consumers throughout western
Canada. Uniserve currently has over 13,000 active business,
residential and wholesale customers combined, providing over 45,000
active services.Uniserve offers a comprehensive portfolio of
managed services ranging from storage, disaster recovery firewalls,
application hosting and a redundant resilient network, all backed
by 24/7 local technical support.
Michael C.
ScholzChairman of the Board
Neither TSX Venture Exchange nor its Regulations
Services Provider (as the term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Management has prepared this release and
no regulatory authority has approved or disapproved the information
contained herein. The statements contained in this news release
that are not historical facts are forward looking statements. Such
statements are based on management’s estimates, assumptions and
projections using available information. Uniserve cautions that
actual financial results could differ materially from the current
expectations due to a number of factors.
For more information please contact Mr. Mark Stanton at 604-395-3908 or email us at mark.stanton@uniserveteam.com.
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