Mr.
Michael Scholz reports
15,000,000 UNIT PRIVATE PLACEMENT AT $0.05 PER UNIT
Uniserve Communications Corp.'s Hashim Mitha, the current president and chief operating officer, has been appointed
interim chief executive officer, allowing John Dobson to focus his efforts on growing the company`s
enterprise consulting division.
Also, Salim Tharani, who agreed to join the board of
directors as announced in the company`s Sept. 15, 2016, press release, will not be appointed to the
board at this time. Mr. Tharani will act as an adviser to the board.
Furthermore, the company has agreed to a private placement of 15 million units at
five cents per unit, each unit consisting of one common share and one transferable two-year share purchase
warrant. One warrant will be exercisable for one additional common share at five cents per share during year
one and six cents per share during year two. The proceeds derived from the 15-million-unit
placement will be used for working capital. A finder's fee may payable in relation to this private
placement, and the same is subject to exchange approval.
We seek Safe Harbor.
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