PI Financial Corp. will act as agent for a brokered financing of $2.464 million through the issuance of 11,200,000 flow-though units priced at $0.22 per unit, with each unit consisting of one OVC flow-through share and one half of one OVC common share purchase warrant. Each whole OVC common share purchase warrant is exercisable for a period of two years at a price of $0.40 per share in the first year and $0.60 per share in the second year. Urban Select will act as a finder for a non-brokered investment round of approximately $2.55 million through the issuance of 12,750,000 hard-dollar units priced at $0.20 per unit, with each unit consisting of one OVC common share and one half of one OVC common share purchase warrant. Each whole OVC common share purchase warrant is exercisable for a period of two years at a price of $0.40 per share in the first year and $0.60 per share in the second year. Use of proceeds for the financing will be towards the 2012 exploration and development program of the Hawk Ridge Property in Ungava Bay, Quebec, general working capital purposes and expenses incurred in connection with its listing on the TSX Venture Exchange.

Joseph Fodor, Chairman and Director of Urban Select said, “We very much look forward to working together with our partners and PI Financial to introduce investors to Orient Venture Capital for the purpose of successfully financing the Hawk Ridge project in Ungava Bay. We are excited that Virginia Energy Resources will continue to be a major investor in Hawk Ridge and provide invaluable experience and expertise to the development of the project. In addition, we feel very positive about the management team and their ability to immediately add value through implementation of their expertise and years of on-the-ground experience with Nickel.”

About the Hawk Ridge Property

The Hawk Ridge property is well situated on tidewater at Ungava Bay, Quebec. VAE’s predecessor Santoy Resources Ltd. acquired the property through a merger with Troymin Resources Ltd in 2003.

The property is located near the northern end of the Labrador Trough (New Quebec Orogen), an Early to Middle Proterozoic folded volcanic-sedimentary sequence intruded by gabbro, pyroxenite and peridotite sills. The target on the property is massive and disseminated, magmatic Cu-Ni sulphide deposits similar to the Raglan Mine in the Cape Smith (Ungava) fold belt to the north, and the Thompson nickel belt of Manitoba. On the adjoining Hopes Advance iron property, Oceanic Iron Ore Corp has defined a very large iron resource, and has begun a pre-feasibility study for a mine, metallurgical facility and deep water port adjacent to the Hawk Ridge property.

A substantial amount of drilling has been completed on the Hawk Ridge Property since the early 1960s. Both high-grade massive sulphide and lower grade disseminated mineralization has been discovered in trenches and several hundred drill holes. Minor past high-grade production is reported to have taken place from the Pio Lake deposit in the 1970s. Twelve deposits and numerous other targets have been identified on the property including the Hopes Advance North, Main, and Middle zones; Mac I and II; Pingo; Gamma; Pio East and West zones; and the Gabbro zone.

This property has over $2.7 million in excess assessment credits and is expected to remain in good standing for many years. Work in this part of Quebec qualifies for a refundable tax credit of up to 51% of exploration costs.

The technical information in this news release has been reviewed by Michael S. Cathro, P.Geo., Virginia Energy’s Vice President of Exploration and a Qualified Person as defined by National Instrument 43-101.

About Urban Select Capital Corporation

Urban Select Capital Corporation is an investment issuer focused on investing growth capital into private and public companies in a broad range of sectors including renewable energy, natural resources, chemicals, agriculture and consumer retail services. Urban Select’s management team is composed of investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and fund management in Canada, China and the U.S.

For further information, please contact:

David Yoo

Chief Financial Officer and Managing Director

Urban Select Capital Corporation

Telephone: (604) 689-0618

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company, including with respect to completion of the Plan of Arrangement, the entering into of a Definitive Agreement, completion of the Financing, completion of the Acquisition and the anticipated results thereof. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. There is no guarantee that any of the Plan of Arrangement, the entering into of the Definitive Agreement, the Acquisition or the Financing will be completed as proposed or at all. The Plan of Arrangement remains subject to approval of the Company’s shareholders, the Supreme Court of British Columbia and the TSX Venture Exchange. The Acquisition is subject to completion of the Plan of Arrangement, execution of a Definitive Agreement and completion of the Financing, among other things. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

The Acquisition is subject to a number of conditions, including among others: completion of the Financing (as defined below); receipt of conditional approval of the Listing; delivery by Vena of a National Instrument 43-101 compliant technical report in respect of one of the Properties; and satisfactory due diligence. Should the Acquisition be completed, it is expected that shareholders of Urban Select will:

• retain their current interest in Urban Select;
• retain an approximate 4% interest in Granja, an exploration and development company with properties in northern Peru; and
• through their interest in Urban Select, receive the benefit of Urban Select’s approximate 5% interest in Granja.

Granja intends to complete a non-brokered financing of a minimum of $2,000,000 and a maximum of up to $3,000,000 consisting of a minimum of 13,333,333 and a maximum of up to 20,000,000 units of Granja at a price of $0.15 per unit (the “Financing”). Each unit consists of one common share of Granja and one half of one non-transferable common share purchase warrant exercisable for two years at a price of $0.30 in the first year after closing of the private placement or at $0.45 in the second year. The use of process for Financing are to fund ongoing capital expenditures of Granja’s exploration and development program for the next 12 months, for general working capital purposes and for expenses incurred in connection with the listing on the TSX Venture Exchange.

According to Min Kuang, President and CEO of Urban Select and President of Granja “we are very excited and optimistic about the Granja Gold transaction and working together with the highly qualified and experienced management team at Vena Resources. We believe that the on-the-ground expertise and infrastructure provided by Vena Resources and favorable mining environment in Peru combined with a smart capital investment structure will create value for our investors.”

Further information about the Acquisition, Granja, Granja Peru, the Properties and the Financing will be provided in the listing application to be prepared in connection with the Listing, a copy of which will be available at www.sedar.com.

ABOUT URBAN SELECT

Urban Select Capital Corporation is global investment management, financial advisory and private equity firm focused on investing growth capital into private and public companies in a broad range of sectors including renewable energy, natural resources, chemicals, agriculture and consumer retail services. Urban Select’s management team is composed of investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and fund management in Canada, China and the U.S.

ABOUT GRANJA

Granja Gold Inc. is a newly incorporated reporting issuer in the provinces of British Columbia and Alberta created pursuant to a recently completed plan of arrangement transaction with Urban Select. Granja’s aim is to complete the Acquisition of Granja Peru and listing on the TSX Venture Exchange.

For further information, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of Urban Select and Granja, including with respect to completion of the Acquisition, completion of the Financing, completion of the Listing and the anticipated results thereof. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. There is no guarantee that any of the Acquisition, the Financing or the Listing will be completed as proposed or at all. The Acquisition remains subject to a number of conditions including completion of the Financing and approval of the Listing, among others. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. Each of Urban Select and Granja do not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

For more information regarding this conference or to schedule a one-on-one meeting with management, please contact your institutional sales representative.

Source: YOU On Demand

NEW YORK, March 19, 2012 /PRNewswire/ – YOU On Demand Holdings, Inc.’s (OTCBB: CBBD) PRC joint venture, China’s leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform, announced today that Shane McMahon, Chairman and CEO, will present at the Maxim Group Growth Conference.  The presentation will be held on Monday, March 26, 2012 at 2:30pm EST at the Grand Hyatt Hotel in New York City.

For more information regarding this conference or to schedule a one-on-one meeting with management, please contact your institutional sales representative.

About YOU On Demand Holdings, Inc.

YOU On Demand is the leading national Pay-Per-View and Video On Demand content service provider in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.

YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing.  For more information, visit http://www.yod.com.

Safe Harbor Statement

This press release contains certain statements that may include “forward looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT:

Jason Finkelstein
YOU On Demand
212-206-1216
jason.finkelstein@yod.com

Kimberly Minarovich
Christensen IR
917-533-3268
kminarovich@christensenir.com

About YOU On Demand Holdings, Inc.
YOU On Demand is the leading national Pay-Per-View and Video On Demand platform in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.
YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit http://www.yod.com.

SafeHarbor Statement
This press release contains certain statements that may include “forward looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT:
Jason Finkelstein
YOU On Demand
212-206-1216
Jason.Finkelstein@yod.com

Stuart Zakim
Bridge Strategic Communications for YOU On Demand
732-754-9051
stu@bridgestrategic.com

Among the many titles that will be available to YOU On Demand subscribers are Academy Award® nominated films including “Dolphins,” narrated by Pierce Brosnan with original music performed by Sting, “Amazon,” narrated by Linda Hunt and “The Living Sea,” narrated by Meryl Streep.
“These giant screen films look exceptional when delivered in HD and present another kind of film experience for our customers,” said Shane McMahon, Chairman and CEO of YOU On Demand.

About YOU On Demand Holdings, Inc.
YOU On Demand is the first national Pay-Per-View and Video On Demand platform in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.

YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit http://www.yod.com.

About K2 Communications
K2 Communications is a leading edge production and distribution organization specializing in emerging non-traditional media programming, including Giant Screen Films for both large format and digital theaters, Video on Demand, Interactive Media, branded content and High Definition television and DVD. K2 has extensive experience supervising large-scale entertainment projects from concept to completion, and an impressive track record securing corporate sponsorship for its projects.
IMAX® is a registered trademark of IMAX Corporation

Safe Harbor Statement
This press release contains certain statements that may include “forward looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT:
Jason Finkelstein
YOU On Demand
212-206-1216
Jason.Finkelstein@yod.com

Stuart Zakim
Bridge Strategic Communications for YOU On Demand
732-754-9051
stu@bridgestrategic.com

The purpose of the Arrangement was to restructure the Company by creating two companies, Granja and Urban Exploration, which the Company believes will be beneficial to the shareholders of the Company, as it is expected that each of Granja and Urban Exploration will enter into definitive agreements to acquire a business following completion of the Arrangement. Management also believes that by creating these two new companies and providing the Company’s shareholders with interests in both of these companies, shareholder value will be enhanced.

Pursuant to the Arrangement, a total of 1,420,150 common shares in the capital of Granja and a total of 1,420,150 common shares in the capital of Urban Exploration have been issued, on a pro-rata basis, to the Company’s shareholders.

ABOUT URBAN SELECT
Urban Select Capital Corporation is global investment management, financial advisory and private equity firm focused on investing growth capital into private and public companies in a broad range of sectors including renewable energy, natural resources, chemicals, agriculture and consumer retail services. Urban Select’s management team is composed of investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and fund management in Canada, China and the U.S.

For further information, please contact:

David Yoo
Chief Financial Officer and Managing Director
Urban Select Capital Corporation
Telephone: (604) 689-0618

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business of the Company, Granja and Urban Exploration. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

URBAN SELECT ANNOUNCES EFFECTIVE DATE OF PLAN OF ARRANGEMENT

Further to the previously announced plan of arrangement with Urban Select Capital Corp.’s shareholders, Granja Gold Inc. and Urban Select Exploration Inc., the TSX Venture Exchange has given its final approval of the arrangement. Shareholder and final court approval for the arrangement were obtained on Dec. 19, 2011, and Dec. 21, 2011, respectively. Refer to the company’s information circular dated Nov. 18, 2011, for additional information concerning the arrangement.

The purpose of the arrangement is to restructure the company by creating two companies, Granja and Urban Exploration, which the company believes will be beneficial to the shareholders of the company, as it is expected that each of Granja and Urban Exploration will enter into definitive agreements to acquire a business upon completion of the arrangement. Management also believes that by creating these two new companies and providing the company’s shareholders with interests in both of these companies, shareholder value will be enhanced.

The effective date for the arrangement has been set as Feb. 29, 2012, which has also been determined as the record date for shareholders of the company to participate in the arrangement. Shareholders of record on the effective date, will receive approximately one share of Granja and one share of Urban Exploration for every 20 shares of the company that they own while retaining their common shares in the capital of the company. Fractional shares of Granja and Urban Exploration will not be issued, and any fractional shares resulting from the plan of arrangement will be cancelled.

The shares of the company will trade ex distribution on Feb. 27, 2012, meaning that purchasers of the company’s shares after Feb. 24, 2012, will not receive Granja or Urban Exploration shares pursuant to the arrangement.

There are currently 28,403,000 issued and outstanding shares in the capital of the company, therefore, assuming no additional shares of the company are issued before the effective date, a total of approximately 1,420,150 common shares in the capital of Granja and approximately 1,420,150 common shares in the capital of Urban Exploration shall be issued, on a pro rata basis, to the company’s shareholders.

We seek Safe Harbor.

The plan of arrangement, which is fully described in the company’s information circular dated Nov. 18, 2011, effectively involves the distribution of shares of Granja Gold Inc. and Urban Select Exploration Inc. (Spinco) to company shareholders.

The purpose of the arrangement is to restructure the company by creating two companies, Granja and Spinco, which will become reporting issuers in the provinces of British Columbia and Alberta upon completion of the arrangement.

Pursuant to the arrangement, the company will distribute to company shareholders their pro rata portion of the 1,420,150 common shares of Granja and 1,420,150 common shares of Spinco as follows.

The company will alter its share capital by creating an unlimited number of new common shares, Class 1 reorganization shares and Class 2 reorganization shares, and will attach rights and restrictions to the new common shares, Class 1 reorganization shares and Class 2 reorganization shares.

Each issued and outstanding common share (other than common shares held by dissenting shareholders) will be exchanged with shareholders for one new common share, one Class 1 reorganization share, one Class 2 reorganization share, and the common shares will be cancelled.

All of the Class 1 reorganization shares will be transferred by shareholders to Granja in exchange for Granja common shares in accordance with the Granja reorganization ratio, which will be calculated on the basis of 1,420,150 Granja common shares to be issued divided by the number of Class 1 reorganization shares issued. Granja will not issue any fractional Granja common shares and any fractional Granja common shares resulting from the exchange will be cancelled.

All of the Class 2 reorganization shares will be transferred by shareholders to Spinco in exchange for Spinco common shares in accordance with the Spinco reorganization ratio, which will be calculated on the basis of 1,420,150 Spinco common shares to be issued divided by the number of Class 2 reorganization shares issued. Spinco will not issue any fractional Spinco common shares and any fractional Spinco common shares resulting from the exchange will be cancelled.

The company will redeem all of the Class 1 reorganization shares from Granja and will satisfy the redemption amount of such shares by the transfer to Granja of $71,007.50 of working capital.

The company will redeem all of the Class 2 reorganization shares from Spinco and will satisfy the redemption amount of such shares by the transfer to Spinco of $71,007.50 of working capital.