Urbanfund Corp. Announces Loan to Shareholder

TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that it entered into loan agreement dated March 27, 2024 (the “Loan Agreement”) pursuant to which the Company has agreed to loan Westdale Construction Co. Limited (“Westdale”) the principal amount of ‎‎$6,000,000‎‎ (the “Loan”). The Loan is repayable within 30 days and will bear interest at ‎‎8.2% per annum. ‎

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