Nepra Foods closes second, third tranches of financing

Executive Summary

• Nepra Foods Inc. has closed the second and third tranches of its previously announced non-brokered private placement.
• The company issued a total of 3,716,691 units at a price of $0.06 USD per unit, generating aggregate gross proceeds of approximately $223,001 USD.
• Proceeds are designated for general working capital purposes, and the securities include warrants exercisable until September 2027.

Key Details

• Second Tranche:
  • Closed on September 2, 2025.
  • Units issued: 1,277,667.
  • Price per unit: $0.06 USD.
  • Gross proceeds: Approximately $76,660 USD.
• Third Tranche:
  • Closed on September 10, 2025.
  • Units issued: 2,439,024.
  • Price per unit: $0.06 USD.
  • Gross proceeds: Approximately $146,341 USD.
• Total Financing Metrics:
  • Total units issued: 3,716,691.
  • Total gross proceeds: Approximately $223,001 USD.
• Security Structure:
  • Each unit consists of one common share and one share purchase warrant.
  • Warrant terms: Entitles holder to acquire one additional share at an exercise price of $0.12 USD per warrant share.
  • Warrant expiration: September 2, 2027.
• Use of Proceeds: General working capital purposes.
• Restrictions: Securities are subject to a four-month hold period under Canadian securities laws and are restricted securities under Rule 144(a)(3) of the U.S. Securities Act of 1933.