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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.

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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.

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.

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