Uniserve closes acquisition of 26.85M Glenbriar shares
2017-08-08 10:44 MT - News Release
Mr. Nicholas Jeffery reports
UNISERVE COMPLETES AGREED PURCHASE OF ADDITIONAL 20% OF GLENBRIAR TECHNOLOGIES SHARES
Uniserve Communications Corp. has received TSX Venture Exchange approval and closed its proposed agreement with the five principals and directors of Glenbriar Technologies to acquire an additional 20 per cent of the issued and outstanding shares of Glenbriar Technologies.
Uniserve has exchanged 2,148,450 (postconsolidation) Uniserve shares for an additional 26,855,804 Glenbriar shares formerly held by the directors of Glenbriar. With the closing of this transaction, Uniserve now owns 106,855,804 shares of a total of 130,421,510 or 81.9 per cent of the issued and outstanding shares of Glenbriar. Also after this closing, Uniserve's total of issued and outstanding shares will be 38,539,687.
The Glenbriar British Columbia operational team, currently located in Burnaby, will be moving to the Uniserve offices at the end of September.
As Uniserve's chief executive officer Nicholas Jeffery stated, "With our recent investment in Glenbriar, Uniserve has dramatically strengthened its managed service capability and extended its Canadian footprint with offices now in Calgary and Waterloo.
"Glenbriar customers will benefit from a larger focused customer support structure based in Vancouver, as well as a T2 data centre in the same city and a T3 facility on the east coast along with a cross country network.
"Universe's existing customers and prospects will benefit from a 20-plus strong managed services team, increased IP telephone capability and a dedicated software-as-a-service team based In Waterloo."
About Uniserve Communications Corp.
Uniserve is a unified communications company which has been in existence for over 28 years, combining voice, data and media all into one seamless solution, one bill and one point of contact in Canada.
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