Urbana Corporation announces investment in Blue Ocean Technologies, LLC
29 Juin 2021 - 5:37PM
Urbana Corporation (TSX & CSE: URB & URB.A)
Urbana Corporation (“Urbana”) is pleased to
announce it has closed on a $10.5 million investment in Blue Ocean
Technologies, LLC (“BOT”) www.blueoceantechnologiesllc.com, a
private company, for approximately 37% of that organization. This
investment is held through Urbana International Inc., a Delaware
incorporated wholly owned subsidiary of Urbana.
BOT has recently established an Alternative
Trading System which allows the trading of U.S. listed equities
from 8pm ET to 4am ET, for investors, including those based in the
Asia-Pacific region, who will now be able to trade U.S. equities
during their daytime hours.
We see this venture as holding great potential
in terms of trading volumes, data sourcing and revenues.
The team at BOT is made up of highly experienced
security trading platform and Wall Street professionals.
On behalf of Urbana’s Board of Directors Thomas
S. Caldwell, C.M.
ABOUT URBANA CORPORATION
Urbana Corporation is a diversified investment
corporation with a current focus across the financial services
sector from exchanges to banks to broker dealers, investment
managers and information services.
The long-term goal of Urbana is to seek and
acquire investments for income and capital appreciation through a
combination of public and private investments. The mix of an
actively managed portfolio of publicly traded securities with
private equity investments ensures non-committed assets are
productively employed as we seek out, evaluate and participate in
opportunities within the non-public sphere.
Visit www.urbanacorp.com
For further information, please contact:Elizabeth Naumovski,
Investor Relations enaumovski@urbanacorp.com or 416-595-9106
Certain statements in this news release
constitute “forward-looking” statements that involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Urbana to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Unless required by applicable securities law, Urbana
does not assume any obligation to update these forward-looking
statements.
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