Urbanimmersive Technologies Announces a $500,000 Financing Through a Non-Brokered Private Placement of Common Shares and a Convertible Debenture and the Entering Into a Loan Agreement
MONTREAL, CANADA — (Marketwired) — 10/16/14 — Urbanimmersive Technologies Inc. (the "Corporation" or "Urbanimmersive") (TSX VENTURE: UI) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $400,000 (the "Offering") and the entering into of an unsecured loan agreement with a Canadian banking institution for an amount of $100,000 (the "Loan"), for total gross proceeds of $500,000. Pursuant