TORONTO, ON — January 5, 2026 — Leads & Copy — Urbanfund Corp. (TSX-V: UFC) has agreed to loan Westdale Construction Co. Limited $10,000,000, according to a loan agreement dated January 5, 2026.
The loan is repayable within one year and will bear interest at 5.45% per annum.
Westdale is a control person of Urbanfund. Urbanfund’s Chairman, Ronald Kimel, is a shareholder, director and officer of Westdale, and Mitchell Cohen, Urbanfund’s Chief Executive Officer, is an officer of Westdale. Accordingly, the Loan constitutes a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
The Loan is exempt from the formal valuation and minority shareholder approval requirements of 61-101. Urbanfund is exempt from the formal valuation requirement contain in section 5.5(b) of MI 61-101 as the Company does not have securities listed on a specified stock exchange.
The Loan is further exempt from the minority shareholder approval requirement pursuant to section 5.7(1)(a) of MI 61-101 as the fair market value of Loan is less than 25% of Urbanfund’s market capitalization.
Urbanfund is a Toronto-based real estate development and operating company listed on the TSX Venture Exchange under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario.
Urbanfund focuses on identifying, evaluating and investing in real estate or real estate related projects. Urbanfund’s assets are located in Toronto, Belleville, Kitchener, London, and Brampton, Ontario and in Montreal and Quebec City, Quebec and Dartmouth, Nova Scotia.
Mitchell Cohen
Chief Executive Officer and President
Urbanfund Corp.
416-703-1877 ext. 2025
Source: Urbanfund Corp.
