Plantify Foods arranges $1.8-million private placement

Executive Summary

• Plantify Foods announces a non‑brokered private placement of up to 20 million units at $0.09 per unit, targeting gross proceeds of up to $1.8 million.
• Each unit consists of one common share and one warrant; the warrant allows purchase of an additional share at $0.12 for 36 months from issuance.
• Closing is subject to TSX Venture Exchange acceptance; finders’ fees may be payable on certain subscriptions.

Key Details

• Units offered: Up to 20 million units.
• Price per unit: $0.09.
• Gross proceeds target: Up to $1.8 million.
• Unit composition: 1 common share + 1 share purchase warrant.
• Warrant terms: Right to buy one additional share at $0.12 per share, exercisable for 36 months from the date of issue.
• Closing condition: Subject to acceptance by the TSX Venture Exchange.
• Finders’ fees: May be payable on certain subscriptions under the offering.

Notable Quotes

(No CEO/President quotes provided in the release.)