Urban Infrastructure Group Inc. (TSXV: UIG), a Brampton, Ontario-based concrete and drainage infrastructure construction company, has announced that director Steve Kaszas exercised 10,000,000 common share purchase warrants on September 2, 2026. The exercise, at $0.05 per share, resulted in aggregate consideration of $500,000 and significantly increased Kaszas's non-diluted ownership stake. The transaction triggered early warning reporting requirements, prompting UIG to issue this announcement on behalf of the director.

Key Points

  • Urban Infrastructure Group Inc. (TSXV: UIG) announced a director-level warrant exercise triggering early warning disclosure
  • Director Steve Kaszas exercised 10,000,000 warrants at $0.05 per share for total consideration of $500,000
  • Kaszas's non-diluted ownership rose from approximately 3.9% to 12.3%, an increase of approximately 8.4 percentage points
  • Investors may watch for any further changes in insider ownership or additional security acquisitions by the director

Warrant Exercise Details and Consideration Paid by UIG Director

Steve Kaszas, a director of Urban Infrastructure Group, exercised 10,000,000 common share purchase warrants on September 2, 2026, acquiring the same number of newly issued common shares from treasury at an exercise price of $0.05 per share. The aggregate consideration paid was $500,000. The release states the warrants were originally issued in connection with related-party loan transactions that UIG announced on September 3, 2025, and March 27, 2026. The shares were issued from treasury and not through any marketplace facility.

Shift in Kaszas's Ownership Position Before and After the Acquisition

Prior to the warrant exercise, Kaszas beneficially owned 4,105,833 shares, 10,000,000 warrants, and 410,000 stock options, representing approximately 3.9% of issued and outstanding shares on a non-diluted basis and 12.6% on a partially diluted basis. Following the acquisition, his holdings increased to 14,105,833 shares and 410,000 stock options, representing approximately 12.3% on a non-diluted basis and 12.6% on a partially diluted basis. The non-diluted ownership increase amounted to approximately 8.4 percentage points, with no change on a partially diluted basis.

Investment Purpose Declared for UIG Share Acquisition

The announcement states that the shares were acquired strictly for investment purposes. The disclosure notes that Kaszas may, depending on market and other conditions, acquire additional securities of UIG, dispose of securities, or continue to hold his current position. The release confirms that no exemption from formal take-over bid requirements was relied upon in connection with the acquisition, and that no other plans or intentions relating to enumerated matters were disclosed beyond what appears in the announcement.