LAVAL, Québec, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Urbanimmersive Inc. (“Urbanimmersive” or the “Corporation”) (TSX VENTURE:UI.V), the real estate content marketing platform, is pleased to announce the issuance of an additional 1,500,000 units at a price of $0.125 per Unit (the “Offering Price”) for gross proceeds of $187,500 (the “Over-Allotment Offering”). Each Unit consists of one common share of the Corporation (a “Common Share”) and one Common Share purchase warrant (“Warrant”), with each Warrant being exercisable into a Common Share (a “Warrant Share”) at an exercise price of $0.25 per Warrant Share until December 20, 2019.

The Over-Allotment Offering was completed pursuant to the full exercise of an over-allotment option granted by the Corporation to Leede Jones Gable Inc. (the “Agent”) in connection with the Corporation's $1,250,000 public offering of Units, which closed on December 20, 2017.

In consideration for the services rendered by the Agent in connection with the Over-Allotment Offering, the Agent received a cash commission in an aggregate amount of $15,000, corresponding to 8% of the gross proceeds of the Over-Allotment Offering. The Agent also received non-transferable options (the “Agent Options”) to purchase, in the aggregate, up to 120,000 Units, corresponding to 8% of the Units issued under the Over-Allotment Offering. Each Agent Option entitles the Agent to acquire one Unit at the Offering Price until December 20, 2019.

Urbanimmersive intends to use the net proceeds from the Over-Allotment Offering for, among other things, marketing initiative and the development of Urbanimmersive’s platform, including the update of the of the web site and the integration of blockchain technology within Urbanimmersive's platform.

The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

This press release does not constitute an offer to sell or a solicitation of any offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or sale would be unlawful.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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.

For more information:

Urbanimmersive Inc.
Ghislain Lemire
President & CEO
514-394-7820 X 202
[email protected]
www.urbanimmersive.com