Urban Barns Foods Inc. announced that it expects to receive $0.50 million in funding from Dundee Agricultural Corp and an another investor.
On the same date, the company announced that it has received $400,000 in its first tranche closing from Dundee Agricultural Corp. The investor subscribed for 17,194,017 shares as part of the first tranche. The transaction is further expected to close on or before April 22, 2014.