Newswires
Urbanfund Corp. Announces the Termination of the Agreement to Acquire Richmond Street Property
Further to the press release dated February 21, 2007 announcing the proposed transaction, Mitchell Cohen, President of Urbanfund Corp. ('Urbanfund' or 'the Corporation') (TSX VENTURE: UFC), announced today that the agreement entered into by Westdale Construction Co. Limited and an arm's length third party (the 'Purchaser') to purchase the property known municipally as 790-800 Richmond Street West (the 'Property') has been terminated due to the Purchaser's decision not to waive certain conditions. Urbanfund holds a 10% undivided interest in the Property.
Reader Feedback : Page 1 of 1