Urbanfund Corp. Announces Loan to Shareholder

Core Points - Urbanfund Corp. has entered into a loan agreement with Westdale Construction Co. Limited for a principal amount of $3,000,000, repayable on July 29, 2025, with an interest rate of 5.95% per annum [1] - The loan is classified as a related party transaction due to the connections between the management of Urbanfund and Westdale, which allows it to be exempt from certain formal requirements under Multilateral Instrument 61-101 [2] - Urbanfund is a Toronto-based real estate development and operating company, focusing on identifying, evaluating, and investing in real estate projects across various locations in Canada [3]