Modern Plant Based Foods arranges $117,800 financing

Executive Summary

• Modern Plant Based Foods Inc. announced a non-brokered private placement offering up to 2,356,000 units at $0.05 per unit, raising gross proceeds of up to $117,800.
• The company cancelled a previously announced private placement from May 14, 2025, and replaced it with this new offering.
• Proceeds are designated for general working capital, further acquisitions, and company development.

Key Details

• Offering Size: Up to 2,356,000 units.
• Price: $0.05 per unit.
• Gross Proceeds: Up to $117,800.
• Unit Composition: Each unit consists of one common share and one transferable common purchase warrant.
• Warrant Terms: Each full warrant is exercisable into one common share at an exercise price of $0.05 per warrant.
• Warrant Expiry: 24 months from the date of issuance.
• Use of Proceeds: General working capital purposes, further acquisitions, and developing the company.
• Previous Offering: The non-brokered private placement disclosed in the news release dated May 14, 2025, has been cancelled and replaced by the current offering; terms of the previous placement are no longer in effect.
• Fees: Finders' fees may be paid as permitted under Canadian Securities Exchange policies and applicable securities laws.