Urbana Corporation 288 0 Kommentare Block Purchase of Non-Voting Class A Shares Under Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - Jan. 17, 2017) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(CSE:URB)(CSE:URB.A), announces that it made a block purchase of 628,800 non-voting Class A shares ("Class A Shares"), at $2.98 per Class A Share, today, under a normal course issuer bid ("NCIB"). The Class A Shares purchased will be cancelled upon settlement of the trade.

Since the NCIB commenced on August 31, 2016, Urbana has purchased and cancelled 1,718,800 Class A Shares. The NCIB will terminate on August 30, 2017.

On behalf of Urbana's Board of Directors,

Thomas S. Caldwell, C.M.

Forward-Looking Statements

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