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VANCOUVER, BC, Nov. 22, 2021 /CNW/ - Kadestone Capital
Corp. ("Kadestone" or the "Company") (TSXV: KDSX)
(OTCQB: KDCCF), a vertically integrated property company, is
pleased to announce that it has appointed Dr. Anthony Holler to its board of directors (the
"Board"), increasing the size of the Board to six members,
effective immediately.
Dr. Holler was CEO of ID Biomedical from 1999 until 2005 when
the company was sold to GlaxoSmithKline for $1.7 billion. He currently serves as the CEO and
Chairman of the Board of Directors for Sunniva Inc. and Chairman of
the Board of Perimeter Medical Imaging AI Inc. Previously, Dr.
Holler was Chairman of the Board of Directors of CRH Medical from
December 2005 to March 2020. Dr. Holler was also Chairman of
Corriente Resources Inc., which sold for approximately $700 million to CRCC-Tongguan Investment Co. in
2010. Before his involvement in public markets, Dr. Holler served
as an Emergency Physician at University Hospital at the
University of British Columbia. He
holds a Bachelor of Science Degree and a Medical Degree from the
University of British Columbia.
"It is with great honour that we welcome Dr. Holler as a member
of our Board of Directors" said Brent
Billey, CEO of Kadestone Capital Corp. "Dr. Holler will
bring new expertise to our Board with his knowledge of emerging
high growth companies and the capital markets. His many
achievements speak for themselves," added Mr. Billey.
About Kadestone
Kadestone was established to pursue the investment in,
development, acquisition, and management of residential and
commercial income producing properties 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
Certain information in this
press release, including, but not limited to, statements
regarding 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, 2019 and 2020. 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.
SOURCE Kadestone Capital Corp.