Urbana Announces Loan From Caldwell Financial Ltd.
Toronto, Ontario – November 11, 2004 – Urbana Corporation (TSX Venture: URB) is pleased to announce that it has received a non-interest-bearing loan of $1,494,936 from Caldwell Financial Ltd. maturing on December 31, 2010 with a right to Urbana for earlier prepayment without penalty. The parties agree that if the loan is not prepaid within eighteen months, they may fix an interest charge.
Urbana is currently focusing its mineral exploration efforts on its 72 claim holding in Urban Township, Quebec.
Please contact Thomas S. Caldwell at 416-595-9106 for further information.
This press release has not been reviewed by the TSX Venture Exchange.