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Financings

Kadestone Capital Corp. Closes Second Tranche of Convertible Note Financing

By The Northwire Desk — AI Analysis Apr 13, 2026 · 17:26 KDSX · 0.265 Kadestone Capital Corp.
KDSX · Price

Executive Summary

  • Kadestone Capital Corp. closed the second tranche of its non-brokered private placement, raising $330,000 in secured convertible notes and issuing 660,000 warrants.
  • Total aggregate gross proceeds from the first and second tranches now amount to $1.98 million.
  • The Company has extended the Private Placement period under existing terms until April 30, 2026.

Key Details

  • Second Tranche Proceeds: $330,000 aggregate principal amount (via two Convertible Notes).
  • Total Aggregate Gross Proceeds: $1.98 million.
  • Warrants Issued (Second Tranche): 660,000 warrants.
  • Convertible Note Terms:
    • Interest Rate: 10% per annum, compounded monthly, payable on redemption or conversion.
    • Maturity: 36 months after issuance.
    • Conversion Price: $0.50 per Common Share (at the option of the holder on the Maturity Date).
    • Note: Conversion of accrued interest is subject to TSX Venture Exchange approval.
  • Warrant Terms:
    • Exercise Price: $0.60 per Common Share.
    • Duration: 36 months from issuance.
  • Use of Proceeds: To pay down debt and for general corporate purposes.
  • Statutory Hold Period: Four months and one day, expiring August 11, 2026.
  • Extension Date: Private Placement extended to April 30, 2026.
Read the original news release →

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