- Boosh Plant-Based Brands (VEGI) has announced a non-brokered private placement to raise up to $500,000
- The company plans to issue up to 10,000,000 units at a price of $0.05 per unit
- The company plans to use the net proceeds from the offering for working capital and general corporate purposes
- Boosh Plant Based Brands is a Canadian company bringing fast and convenient plant-based comfort foods to the whole family
- Boosh Plant-Based Brands Inc. was down 11.11 per cent, trading at C$0.04 at 09:47 ET
Boosh Plant-Based Brands (VEGI) has announced a non-brokered private placement to raise up to $500,000.
The company plans to issue up to 10,000,000 units at a price of $0.05 per unit.
Each unit will consist of one common share and one share purchase warrant.
Each warrant shall be exercisable to acquire one common share for a period of 12 months.
Directors and officers of the company may acquire units in the financing, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”).
The company plans to use the net proceeds from the offering for working capital and general corporate purposes as the company works towards increasing annual gross revenues for the core asset, Beanfields, back up to its pre-pandemic levels of US$15 million per year.
The company continues to receive close to US$1 monthly in purchase orders for Beanfields Chips and requires this additional operating capital to pay for the purchase of raw materials and production.
Boosh Plant Based Brands is a Canadian company bringing fast and convenient plant-based comfort foods to the whole family.
Boosh Plant-Based Brands Inc. was down 11.11 per cent, trading at C$0.04 at 09:47 ET.
