Underseas Research & Recovery Ltd.
Underseas to Prepare Securities Prospectus for Project Financing
Underseas Research & Recovery Ltd. / Key word(s): Miscellaneous Underseas Research & Recovery Ltd. / Tags: Internet, Radio, Internet Radio, Satellite Radio, Music, Entertainment Underseas to Prepare Securities Prospectus for Project Financing Toronto, Canada – November 15, 2011 Underseas Research & Recovery Ltd. ('Underseas' or the 'Company'), the Toronto based holding company of a European internet and satellite radio informs that the Company has assigned a German law office specialized in capital markets to prepare a securities prospectus according to German Securities Prospectus Act. Underseas expects to file the prospectus for approval with the German Federal Financial Supervisory Authority (BaFin) until the end of 2011. For the coming years, Underseas intends to raise funds by a capital increase in a public offering of its shares. The expected proceeds from this public offering shall be used to finance the expansion of its present internet radio into satellite radio broadcasting. Details and conditions of the public placement will be published after the approval of the securities prospectus by the BaFin. By the filing of a securities prospectus, Underseas wants to provide more comprehensive information about the company, its operative business and the potential of the projected satellite radio to its shareholders and the public. Transparence, open communication and up-to-date-information have become key factors for success in the capital markets. Underseas believes that the projected public offering of its shares will lead to a much better awareness of the company and its ambitious satellite radio project within the financial markets and among national and international investors.
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Disclaimer; Forward-Looking Statements: Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Although we believe that the beliefs, plans, expectations and intentions contained in such statements are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. This or any other statement from the company or its representatives does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of I Underseas Research & Recovery Ltd. There are substantial risks associated with investing in development stage companies. Potential investors should seek advice from a qualified financial dealer prior to investing in Underseas Research & Recovery Ltd.
Language: English End of Corporate News 15.11.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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