Le Château Inc. has entered into an agreement with Jane Silverstone, Chairman and Chief Executive Officer of Le Château and a Director and a significant shareholder of the Company, for a financing of $1.0 million. The financing will provide the Company with additional capital and financing flexibility, with proceeds being used primarily for working capital purposes. The financing is in the form of an unsecured loan which bears a variable rate of interest equal to the lesser of the prime rate of the Royal Bank of Canada multiplied by two and 7.5%. The loan is repayable at maturity on September 30, 2020.