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Uniserve converts $22,500 of convertible debenture to shares and clarifies stock option grants.

Company Fundamentals
16 Jun 2026
Newsfile Corp
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Neutral
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Uniserve Communications converted $22,500 of its remaining $447,500 convertible debenture into 50,000 common shares, reducing the outstanding balance to $425,000. The company also corrected its previous announcement, confirming it granted 665,000 stock options to directors and employees, not 750,000 to directors only. These options are exercisable at $0.70 per share until April 2028 and vest immediately. This update clarifies Uniserve's capital structure and ongoing financing activities following its 2025 Cyclone Systems transaction.

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