TORONTO, June 25 /CNW/ - Unique Broadband Systems, Inc. (TSX Venture:
UBS) announced today that an option to purchase 2,000,000 common shares of the
Company at an exercise price of $0.34 was granted to a director in accordance
with the Company's Stock Option Plan.
The option vests in respect of one half of the common shares under option
at the time that the Company's common shares reach $0.72 and the remainder at
the time the Company's common shares reach $0.96. The option expires on the
earlier of (a) the fifth anniversary of the vesting date and (b) June 21,
About Unique Broadband Systems, Inc.
UBS is a publicly listed Canadian company that has a 51.6% fully diluted
economic interest in Look Communications Inc. and other assets. With its
licensed spectrum through its subsidiary, Look, UBS is a Canadian digital
television broadcaster and broadband wireless service provider. The Company's
web site may be found at www.uniquebroadband.com.
The corporate information contained in this release contains
forward-looking statements regarding future events and the future performance
of the Company that involves risks and uncertainties that could cause actual
results to differ materially. Assumptions used in the preparation of such
information, although considered reasonable by the Company at the time of
preparation, may prove to be incorrect. The actual results achieved will vary
from the information provided herein and the variations may be material.
Consequently, there is no representation by UBS and Look that actual results
achieved will be the same in whole or in part as those forecast.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Peter Block, Investor and media relations,
(403) 531-0331, (416) 586-0180, E-mail: email@example.com