Purebread Brands arranges $1.5-million financing

Executive Summary

• Purebread Brands Inc. announced a non-brokered private placement of up to 10 million units at $0.15 per unit, targeting up to $1.5 million in aggregate gross proceeds.
• Each unit consists of one common share and a half-warrant, with warrants exercisable at $0.30 per share for a 24-month period.
• The company intends to use the proceeds to fund new retail store openings and working capital to support operational scaling and market expansion.

Key Details

• Structure & Quantity: Non-brokered private placement of up to 10,000,000 units
• Price & Proceeds: $0.15 per unit for aggregate gross proceeds of up to $1,500,000
• Unit Composition: 1 common share + 1/2 common share purchase warrant per unit
• Warrant Terms: Exercisable at $0.30 per common share, valid for 24 months from issuance
• Use of Proceeds: Primarily for new store openings and working capital to scale operations
• Conditions & Restrictions: Subject to receipt of all necessary regulatory approvals and TSX Venture Exchange acceptance; all securities subject to a 4-month hold period from closing under Canadian securities laws
• Finders: Company may pay finders' fees to eligible finders, subject to applicable securities laws and TSXV policies

Notable Quotes

• "This financing allows Purebread to accelerate our expansion into additional high-quality markets. The proceeds will primarily fund new store openings and the working capital required to scale our operations as we execute on a strong pipeline of locations." – Christian Bullock, Chief Executive Officer