Uniserve Commits to New Data Centre Facility

Core Insights - Uniserve Communications Corporation has entered into an Offer to Lease for a new data centre in Vancouver, aiming to enhance its AI infrastructure capabilities [1][4] - The facility will occupy 10,000 square feet and will be designed to support a 2 Megawatt power capacity, with a total budget of $12 million [2][3] - The lease agreement is for a 10-year term, indicating Uniserve's long-term commitment to expanding Canadian compute capacity [3] Financial Details - The landlord is providing a $1 million lease inducement and a $1 million forgivable loan, which is tied to the issuance of 1 million warrants convertible into common shares at $0.60 each [3] - The estimated cost for the first phase of the facility buildout is approximately $6.5 million [3] Strategic Importance - The new facility is positioned as a cornerstone in Uniserve's national data centre expansion strategy, with plans for additional projects in key Canadian markets [4] - The expansion is aimed at providing Canadian businesses with secure and scalable AI infrastructure, reinforcing Uniserve's role in the national AI economy [4] Regulatory Context - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval due to its market capitalization impact [5]