EDMONTON, April 2, 2013 /CNW/ - United Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ) is pleased to announce the following corporate update:
Pursuant to a press release dated February 20, 2013, the TSX Venture Exchange has now accepted for filing the Company's proposal to issue 8,000,000 common shares at a deemed price of $0.05 per share to Mr. Fredy Ramsoondar, President and CEO of the Company for acting as sole guarantor to an increase in the credit facility of the Company in the amount of $3,180,000.
The TSX Venture Exchange acceptance letter is dated April 1, 2013.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
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.
SOURCE United Protection Security Group Inc.