Bettermoo(d) Food Corporation announced a non-brokered private placement of up to 1,273,885 units at a price of CAD 1.57 per unit, for gross proceeds of up to CAD 1,999,999.45 on January 25, 2024. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder, on exercise, to purchase one share for a period of five years following the closing date of the transaction at the exercise price of CAD 1.96 per share.

The company does not anticipate paying any finder?s fees related to the transaction. The transaction is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. All securities issued under the transaction will be subject to a statutory hold period of four months and one day.