Caldwell Financial Ltd. (“Caldwell”) has entered into an agreement with Urbana Corporation (“Urbana”) whereby Caldwell will provide a demand loan to Urbana of up to one million dollars at current levels of interest.
The funds will be used by Urbana to build the treasury of that company.
The terms of this demand loan can be changed, by agreement between both management groups, to make any portion of the loan convertible into common shares.
The shares of Urbana trade on the TSX Venture Exchange (symbol URB).
Thomas S. Caldwell
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