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Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) ("Boosh" or the "Company") is pleased to announce that on Monday, November 8th it closed a private placement in the amount of $1,250,000. One strategic investor subscriber for 1,250,000 units at a price of $1.00 per unit, each unit consisting of one common share and one warrant exercisable at $1.35 per share until November 8, 2024.
Aggregate finder's fees of $125,000 payable through the issuance of 125,000 units on the same terms as the placement units and the issuance of 125,000 broker's warrants exercisable to acquire units at a price of $1.00 per unit until November 8, 2024 were issued.
All securities issued in the private placement are subject to a four month hold period expiring on March 9, 2022.
The proceeds from the private placement will be used for general working capital, ongoing product development and future plant-based acquisition opportunities.
On behalf of the Board of Directors
James Pakulis
Chief Executive Officer
Telephone: (833) 882-6674
www.Booshfood.com
About Boosh Plant-Based Brands Inc.:
Boosh Plant-Based Brands Inc., through its wholly owned subsidiary, Boosh Food (www.booshfood.com), offers high quality, non-GMO, gluten free, 100% plant-based nutritional comfort foods for the whole family. We currently offer six frozen meals and three refrigerated meals which are sold throughout Canada. Boosh, good for you and good for planet earth.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to, the Company's proposed use of the proceeds of its initial public offering. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102528
