Urban Communications Inc.

10:08 AM EST - Urban Communications Inc. : Announced that the Bridge Loan between the Company and ACME Communications Canada, Inc. has been concluded and funds fully advanced. The Bridge Loan is an integral part of the arrangement agreement dated August 31, 2017 whereby ACME will acquire all of the issued and outstanding common shares of the Company by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). Urban Communications Inc. shares (V.UBN) are trading unchanged at $0.07.