LAVAL, Quebec, Dec. 31, 2018 (GLOBE NEWSWIRE) -- Urbanimmersive Inc. ("Urbanimmersive," the "Company" or "UI") (TSX:UI) (OTC:UBMRF), the leading real estate content marketing platform, today provides a corporate update.
Urbanimmersive announces payment of convertible debenture interest related to the acquisition of Tourbuzz previously announced. Following the TSX Venture Exchange's approval, the Corporation has issued 1,924,280 common shares, at a price of $0.09 per common share, in settlement of a debt totaling $173,184,72 in favour of Convertible debenture holders. The Corporation has decided to issue the common shares in order to preserve its cash assets.
About Urbanimmersive
Urbanimmersive is a content marketing platform for real estate professionals. The Corporation connects real estate professionals, photographers and writers in order to simplify and optimize original content production workflow. Urbanimmersive enables its customers to leverage their marketing investment while increasing productivity, competitiveness, their web visibility, consumer engagement with their brand and ultimately, their revenue.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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