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Uniserve Communications ( (TSE:USS) ) has issued an announcement.
Uniserve Communications Corporation announced the exercise of 1,000,000 common share purchase warrants related to its transaction with Cyclone Systems Inc., resulting in $300,000 in proceeds and the issuance of 1,000,000 shares. Additionally, Cyclone converted $350,000 of its convertible debenture into 1,000,000 shares, with both companies waiving a conversion restriction. These transactions, considered related party transactions, were exempt from certain regulatory requirements due to their market value relative to Uniserve’s capitalization, potentially impacting the company’s financial structure and stakeholder interests.
More about Uniserve Communications
Uniserve Communications Corporation is a leading provider of smart technology solutions and reliable IT services for both home and business customers in Canada. With offices in Vancouver, Calgary, and Waterloo, the company offers services across three key verticals: Residential, Small Business, and Enterprise. Their offerings include telecommunications, high-speed internet, tailored technology bundles, and comprehensive managed IT services, including security and disaster recovery solutions.
Average Trading Volume: 15,989
Technical Sentiment Signal: Buy
Current Market Cap: C$10.74M
Find detailed analytics on USS stock on TipRanks’ Stock Analysis page.