Kadestone Capital Corp. announced that it has entered into an agreement with the Zhang Family (2015) Trust, pursuant to which the Lender will provide a term loan to Kadestone by way of an unsecured, non-revolving credit facility in the aggregate maximum amount of up to CAD 10 million. The proceeds of the Facility are to be used by Kadestone for general working capital purposes. Interest is payable on the outstanding amounts of the Facility at a rate of 5% per annum. The principal outstanding and any interest accrued thereon is payable on the earliest of (i) the maturity of the Facility on March 31, 2024 and (ii) the occurrence of an event of default under the Loan Agreement. The Loan Agreement also provides the Lender with certain participation rights in future equity financings of Kadestone as well as a right of first offer with respect to the financing of future real estate development projects.