Original News Release
Modern Plant Based Foods arranges $117,800 financing
Mr. Avtar Dhaliwal reports
MODERN PLANT BASED FOODS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR $117,800
Modern Plant Based Foods Inc. will be arranging a non-brokered private placement offering of up to 2,356,000 units at a price of five cents per unit for gross proceeds of up to $117,800.
Each unit will consist of one common share and one transferable common purchase warrant. Each full warrant will be exercisable into one common share of the company at a price of five cents per warrant having an expiry of 24 months from the date of issuance.
The company also advises that it has elected to cancel the previously announced non-brokered private placement disclosed in its news release dated May 14, 2025, and replace it with the current offering. The terms of the previously announced private placement are no longer in effect.
The proceeds raised from this offering will be used by the company for general working capital purposes, further acquisitions and developing the company. Finders' fees may be paid, as permitted under Canadian Securities Exchange policies and applicable securities laws.
We seek Safe Harbor.
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