VANCOUVER, British Columbia, Oct. 05, 2017 (GLOBE NEWSWIRE) — Further to the news releases issued on April 25, 2017, September 14, 2017 and September 21, 2017, Universal Ventures Inc. (“Universal“) (TSX-V:UN) is pleased to provide an update with respect to the arm’s length business combination of Universal and mCloud Corp. (“mCloud“), pursuant to which Universal will acquire all of the issued and outstanding securities of mCloud (the “Transaction“).