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Uniserve Communications ( (TSE:USS) ) has shared an update.
Uniserve Communications Corporation has announced a private placement of up to 5,000,000 units at $0.30 per unit to raise up to $1,500,000 for general working capital. Each unit includes one common share and one-half of a transferable share purchase warrant, exercisable for one year at $0.40 per share. Approximately half of the placement will be taken by the company’s directors, insiders, and employees. The private placement is subject to TSX Venture Exchange approval, and the securities will have a four-month hold period. This move is expected to bolster Uniserve’s financial position, enhancing its ability to provide IT solutions and services across Canada.
More about Uniserve Communications
Uniserve Communications Corporation is a leading provider of smart technology solutions and reliable IT services for home and business customers across Canada. With offices in Vancouver, Calgary, and Waterloo, the company offers services across three key verticals: Residential, Small Business, and Enterprise. Uniserve provides telecommunications and high-speed internet services for residential customers, tailored technology bundles for small businesses, and comprehensive managed IT services for larger enterprises. The company operates its own T2 data center in Vancouver, with additional disaster recovery capabilities in Calgary.
Average Trading Volume: 16,625
Technical Sentiment Signal: Buy
Current Market Cap: C$9.13M
For an in-depth examination of USS stock, go to TipRanks’ Stock Analysis page.