| Urbana Corporation and Beaufield Resources Inc. Enter Into Joint Agreement | |
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TORONTO, ONTARIO--(Marketwired - Nov. 14, 2014) - NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Urbana Corporation ("Urbana") (URB.TO)(TSX:URB.A)(URB.TO)(CSE:URB.A) and Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) have entered into a joint exploration agreement on their Urban Township properties in Quebec. This joint exploration agreement consists exclusively of a line cutting program to be immediately followed by detailed Induced Polarization and Magnetometer geophysical surveying on both Urbana's and Beaufield's claims. This agreement is exclusively for the line cutting and geophysical surveying, not a total exploration agreement. Urbana has 44 contiguous claims covering 1116 hectares in the area. Urbana and Beaufield have agreed to jointly explore and share the boundary information. Each party will retain 100% ownership of their respective properties. Beaufield has agreed to be the operator. |
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Urbana Corporation
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CODE : URB.TO |
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ISIN : CA91707P1099 |
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Urbana is a gold and molybdenum exploration company based in Canada. Urbana is listed in Canada and in United States of America. Its market capitalisation is CA$ 269.5 millions as of today (US$ 215.5 millions, € 188.8 millions). Its stock quote reached its highest recent level on January 18, 2008 at CA$ 5.75, and its lowest recent point on November 23, 2012 at CA$ 0.75. Urbana has 50 760 000 shares outstanding. |