TORONTO, ONTARIO--(Marketwire - Sept. 27, 2012) - Mr. Robert Morrison ("Morrison") announces pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that he has acquired ownership and control, through purchases in the open market, of an additional 3,658,000 shares (the "Additional Shares") in the capital of Unique Broadband Systems, Inc. ("UBS"), representing approximately 3.56% of UBS' issued and outstanding shares.
Prior to the acquisition of the Additional Shares, Morrison had ownership and control over 9,421,000 shares in the capital of UBS, being approximately 9.17% of UBS' issued and outstanding shares. As a result of the acquisition of the Additional Shares, Morrison has ownership and control of an aggregate of 13,079,000 shares in the capital of UBS, representing approximately 12.73% of UBS' issued and outstanding shares.
The Additional Shares were purchased at a price of C$0.05 per share.
The Additional Shares were purchased by Morrison for investment purposes. Such investment will be reviewed by Morrison on a continuing basis and such holdings may be increased or decreased in the future. Morrison may acquire additional shares of UBS through the open market, privately or otherwise, as the circumstances or market conditions warrant.
A copy of the early warning report relating to this transaction is available under UBS' profile at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.