/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, June 26,
2023 /CNW/ - Kadestone Capital Corp. ("Kadestone" or
the "Company") (TSXV: KDSX) (OTCB: KDCCF), a vertically integrated
property company, is pleased to announce the results of the votes
on matters considered at its annual general meeting of shareholders
of the Company ("Shareholders") held on June
23, 2023 in Vancouver, British
Columbia (the "Meeting").
At the Meeting, the Shareholders re-elected to the board of
directors, by ordinary resolution, Brent
Billey, Anthony Holler,
David Negrin, Norm Mayr and Jacqueline
Tucker, to serve in office until the next annual meeting of
Shareholders or until their successors are duly elected or
appointed.
In addition, at the Meeting, the Shareholders approved: (i) the
re-appointment of KPMG LLP as auditors of the Company; and (ii) the
Company's existing stock option plan.
About Kadestone
Kadestone was established to pursue the investment in,
acquisition, development and management of residential and
commercial income producing properties and procurement and sale of
building materials within major urban centres and high-growth,
emerging markets in Canada. The Company operates five
complimentary business lines spanning building materials
procurement and supply, property development and construction,
construction finance, asset ownership and property management.
These synergistic business lines have solidified Kadestone's vision
to become a market leading vertically integrated property company.
Additional information can be found at www.kadestone.com.
ON BEHALF OF THE BOARD
(signed) "Brent Billey"
President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward- Looking Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward- Looking Statements
Certain information in this press release, including, but not
limited to, the Company's ability to identify opportunities and
secure additional investments in 2023 and the Company's vision to
become a leading vertically integrated property company, may
constitute forward looking information (collectively,
forward-looking statements), which can be identified by the use of
terms such as "may," "will," "should," "expect," "anticipate,"
"project," "estimate," "intend," "continue" or "believe" (or the
negatives) or other similar variations. Because of various risks
and uncertainties, including those referenced below, actual events
or results may differ materially from those reflected or
contemplated in such forward-looking statements. As a result, you
should not rely on such forward-looking statements. Additional
information identifying assumptions, risks and uncertainties
relating to Kadestone is contained in Kadestone's filings with the
Canadian securities regulators available at www.sedar.com. These
risks include those described in the "Risk Factors" section of the
Company's final prospectus dated September 2, 2020, and
in the Management's Discussion and Analysis for the years ended
December 31, 2022 and 2021. The
forward-looking statements in this press release are applicable
only as of the date of this release or as of the date specified in
the relevant forward-looking statement. The Company has no
intention and undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE Kadestone Capital Corp.