Core Viewpoint - Uniserve Communications Corporation has entered into a Letter of Intent to acquire an Ontario-based Managed Service Provider, enhancing its service offerings and expanding its operations in eastern Canada [1][2]. Group 1: Acquisition Details - The acquisition is expected to bring approximately CAD $5.5 million in top-line sales and an expected EBITDA of CAD $1.5 million, providing a solid platform for scaling operations in Ontario [2]. - The total purchase price for the transaction is expected to be CAD $6,500,000, with payments structured as follows: CAD $2,500,000 in cash, CAD $2,000,000 in common shares at no less than CAD $0.60 per share, and CAD $2,000,000 via a 50% convertible note [3]. - The convertible note will have varying conversion prices over three years, starting at CAD $0.75 per share in the first year [3]. Group 2: Transaction Conditions - The transaction is subject to the execution of a definitive agreement within 30 days, further due diligence, and approvals from the Company's Board of Directors and the TSX Venture Exchange [4]. - The Company will not assume any long-term debt of the MSP, and the MSP and its shareholders are arm's length to the Company [3]. Group 3: Company Overview - Uniserve provides IT solutions and technology services across Canada, focusing on Data Centre Solutions, Managed IT Services, and Business Internet [5]. - The Company aims to support Canadian businesses in their digital transformations by enhancing its bandwidth and infrastructure capabilities [2].

Vancouver, BC – TheNewswire - August 5, 2025 – Uniserve Communications Corporation (the "Company" or "Uniserve") (TSXV: USS), a leading provider of IT solutions and services for both business and residential customers across Canada, is pleased to announce that it has signed a 16 month contract with a data centre consultant to advise the Company on the potential of building out a data centre solution at its current facility in Vancouver. This contract will allow Uniserve to ascertain the feasibility of build ...

Core Points - Uniserve Communications Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $1,800,000 by issuing 6,000,000 units at a price of $0.30 per unit [1] - Each unit consists of one common share and one-half of a transferable share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for one year [1] - The securities issued will be subject to a hold period expiring on November 19, 2025, in accordance with applicable securities laws [2] Insider Participation - Notable insider purchases include Michael C. Scholz acquiring 1,500,000 units, Kwin Grauer purchasing 100,000 units, and other directors and the CFO also participating in the offering [3] - The insider transactions are classified as "related party transactions" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority approval requirements [3] Company Overview - Uniserve provides IT solutions and services across Canada, focusing on Data Centre Solutions, Managed IT Services, and Business Internet [4] - The company operates offices in Vancouver, Calgary, and Waterloo, emphasizing secure, reliable, and customized IT solutions [4]