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Urban Infrastructure Group Inc ( (TSE:UIG) ) has shared an update.
Urban Infrastructure Group Inc. has secured a $150,000 loan from related parties to support working capital and general corporate purposes. The loan arrangements, classified as Related Party Transactions, include an interest rate of 15% per annum and are accompanied by common share purchase warrants, potentially impacting UIG’s market position and stakeholder interests.
More about Urban Infrastructure Group Inc
Urban Infrastructure Group Inc. is a leading construction group specializing in stage-one concrete and drainage infrastructure. The company focuses on large-scale, master-planned residential communities and collaborates with partners on significant residential development projects in Ontario.
Average Trading Volume: 30,588
Technical Sentiment Signal: Buy
Current Market Cap: C$6.77M
For a thorough assessment of UIG stock, go to TipRanks’ Stock Analysis page.