Business
Investor Acquires Common Shares of Kadestone Capital Corp.
Investor Acquires Common Shares of Kadestone Capital Corp. Canada NewsWire ...
About this update from Kadestone Capital Corp.
[{"type":"text","content":"\n \n \n \n Investor Acquires Common Shares of Kadestone Capital Corp.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n Feb. 9, 2021\n \n /CNW/ -\n \n Travis Chen\n \n , (the \"\n \n Investor\n \n \") insider of Kadestone Capital Corp. (TSXV: KDSX) (the \"\n \n Company\n \n \" or \"\n \n Kadestone\n \n \"), today reported that he acquired 500 common shares (the \"\n \n Shares\n \n \") of the Company for aggregate consideration of\n \n C$875\n \n (the \"\n \n Acquisition\n \n \"). The Shares represented approximately 0.001% of the issued and outstanding common shares of the Company as of\n \n February 5, 2021\n \n (the \"\n \n Common Shares\n \n \").\n \n \n \n \n \n \n \n \n \n The Acquisition by the Investor was completed on the TSX Venture Exchange pursuant to the \"normal course purchase exemption\" in Section 4.1 of National Instrument 62-104 –\n \n Take-Over Bids and Issuer Bids\n \n (\"\n \n 62-104\n \n \"). The Investor is entitled to rely on this exemption as: (a) the bid was for not more than 5% of the outstanding Common Shares; (b) the aggregate number of Common Shares acquired in reliance on this exemption by the Investor and any person acting jointly or in concert with the Investor within any period of 12 months, when aggregated with acquisitions otherwise made by the Investor and any person acting jointly or in concert with the Investor within the same 12-month period, other than under a bid that is subject to Part 2 of 62-104, does not exceed 5% of the Common Shares outstanding at the beginning of the 12-month period; (c) there is a published market for the Common Shares; and (d) the value of the consideration paid for the Shares was not in excess of the market price at the date of the acquisition, as determined in accordance with Section 1.11 of 62-104, plus reasonable brokerage fees or commissions actually paid. This Acquisition will be re...