Purebread Brands Inc. Announces Closing of Non-Brokered Private Placement

Executive Summary

• Purebread Brands Inc. has closed a non-brokered private placement offering totaling approximately $2 million in gross proceeds.
• The funds are earmarked for the acceleration of new store openings and general working capital.

Key Details

• Gross Proceeds: $1,999,950.00
• Units Issued: 13,333,000 units at a price of $0.15 per unit.
• Unit Structure: Each unit consists of one common share and one-half of one Common Share purchase warrant.
• Warrant Terms: Exercise price of $0.30 per common share with a term of 24 months from the date of issuance.
• Finder's Fees: The company paid $99,997.50 in commissions and issued 666,650 finder warrants (exercise price of $0.30, 24-month term).
• Use of Proceeds: Primarily to fund new store openings and general working capital.
• Hold Period: Securities are subject to a four-month hold period from the closing date.
• Regulatory Status: The placement remains subject to final acceptance from the TSX Venture Exchange.

Notable Quotes

• Christian Bullock, CEO: "We are pleased to close this upsized $2 million round, which reflects strong investor confidence in our vision. These funds will enable us to accelerate new store openings and drive the next phase of growth as we expand into additional high-quality markets."