Urbana Corporation (TSX:URB) (TSX:URB.A) Acquiring Significant Ownership in CNSX Markets, Operator of the Canadian National Stock exchange - Video posted on www.InvestmentPitch.com
Vancouver, British Columbia, December 18, 2012 - Urbana Corporation (TSX:URB) (TSX:URB.A) is acquiring a significant ownership in CNSX Markets Inc.
Urbana Corporation, a closed-end investment company with a portfolio worth approximately $126 million, invests across the financial services sector from exchanges to banks to broker dealers and investment managers. Urbana already holds 312,500 shares of CNSX Markets, as well as significant positions in companies such as CBOE Holdings and NYSE Euronext.
CNSX Markets operates the Canadian National Stock Exchange, the first new Canadian Stock Exchange launched in more than 75 years. In 2011, trading volume on the CNSX increased by 45% over the previous year, while the number of listings grew for the 8th consecutive year.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of Urbana, CNSX, and details of this transaction. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Urbana" in the search box.
Urbana's Chairman, Thomas S. Caldwell, stated, "CNSX is a wonderful alternative platform which can be immensely helpful to securities dealers seeking a competitive venue on which to trade. For emerging companies looking for an exchange on which to list efficiently, the CNSX is outstanding. Given the new landscape in the Canadian exchange sector, CNSX's flexibility and advantages make it a great addition to Urbana's portfolio, with significant upside potential both as a business and an investment."
Two of Urbana's directors, Thomas S. Caldwell and George D. Elliott were also elected to CNSX's seven person board today along with Brendan T.N. Caldwell, President & CEO of Caldwell Investment Management Ltd., Urbana's investment manager.
For more information contact Richard Carleton, CEO of CNSX Markets at 416-528-1257, or Elizabeth Naumovski, investor relations at Urbana Corporation at 416-595-9106.
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Source: InvestmentPitch via Thomson Reuters ONE