Instantiating UI elements in 4.6

Hey all!

I seem to be having an issue with button position and scale when I programmatically instantiate buttons on my menu. I'm getting a list of servers and then instantiating a button for each server. However when I child the button to it's parent container after instantiating it the button disapears into a thing red line as shown below.

Here's the code that instantiates and places that button.

         foreach (HostData host in hostData) {
             //Canvas.Instantiate(metaButton);
             Button button = Instantiate(metaButton, new Vector2(s_buttonFather.position.x, s_buttonFather.position.y + buttonOffset), Quaternion.Euler(Vector3.zero)) as Button;
 //            button.transform.SetParent(GameObject.Find("Canvas").transform, false);
             button.transform.SetParent(s_buttonFather.transform, true);
             button.GetComponent<ServerButton>().hostData = host;
             button.SendMessage("setName");
 
             buttonOffset += button.image.sprite.bounds.size.y + .7f;
         }

If I change the code above to not relocate the child object when I set the parent then the object is displayed out of the display view of the canvas camera as shown below. What's up with this? Am I making some glaring error that I am just somehow missing? Thanks so much!