Aug 29 (Reuters) - Urbanise.com Ltd UBN.AX :
* UNDERTAKING A PRO-RATA UNDERWRITTEN NON-RENOUNCEABLE RIGHTS ISSUE
* FULLY UNDERWRITTEN NON-RENOUNCEABLE RIGHTS ISSUE TO RAISE $4.1 MILLION
* RIGHTS ISSUE ON A 1:3.5 BASIS AT AN ISSUE PRICE OF $0.027 PER SHARE
* A MAXIMUM OF 151.7 MILLION NEW SHARES WILL BE ISSUED UNDER OFFER
* FUNDS RAISED FROM OFFER WILL BE USED TO CONTINUE DEVELOPMENT OF URBANISE'S CORE PRODUCTS