VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/19/13 — Uniserve Communications Corporation (the “Company”) (TSX VENTURE: USS) wishes to announce that it has secured $650,000 in short-term loans. The funds have been advanced and are being used for working capital. These loans carry an interest rate of 12% per annum with interest payable monthly and a share bonus payable of 15% at a deemed price per share of $0.10 per share, for a total share bonus of 975,000 common shares, subject to TSX Venture Exchange approval.
The Company further wishes to announce that it has agreed to raise up to $300,000 and issue up to 6,000,000 Units at $0.05 per unit, each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.10 per share for a period of two years. The proceeds of this private placement will be used for general working capital. This transaction is subject to TSX Venture Exchange approval.
Uniserve Communications Corporation (TSX VENTURE: USS) is an industry leader in the integration and delivery of voice, data and cloud computing services to businesses and retail consumers throughout Canada. For more information about Uniserve, its products and services please visit or .
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
Bruce Sanderson, President
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
Contacts:
Uniserve Communications Corporation
Investor & Corporate Relations
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