Urbana Corporation Announces Purchase of a Second NYSE Seat

TXS Venture:URB

 

Toronto, Ontario – July 28, 2004 – Urbana Corporation (TSX Venture: URB) is pleased to announce its wholly-owned subsidiary, Urbana America Inc., has purchased a second seat on the New York Stock Exchange. Management of Urbana Corporation views this purchase, through its nominee, as a long-term investment with both income and capital gains potential. This purchase by Urbana Corporation, in conjunction with its continuing mineral exploration activities, illustrates our company’s long-term balance between investment and natural resource activities. The purchase price for the New York Stock Exchange Seat was $1.65 Million (U.S.). This seat has been leased for $160,000(U.S.) per year under a 1 year lease.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

 

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

 

This press release has not been reviewed by the TSX Venture Exchange.