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The Good Flour Corp. (CSE:GFCO) announces $2M private placement

Consumer, The Market Online Deal Room
CSE:GFCO
25 November 2022 09:15 (EDT)

Source: The Good Flour Co.

The Good Flour Corp. (GFCO) announced a non-brokered private placement to raise gross proceeds of up to $2,000,000.

The offering consists of units issued at $0.35 per unit. Each unit consists of one Class A common share and one transferable warrant. Each warrant entitles the holder to purchase an additional share for a period of three years from the date of issuance at an exercise price of $0.40 per share.

Net proceeds will be used for general corporate, investor relations and working capital purposes.

GFCO may pay finder’s fees in connection with the offering.

The Good Flour Corp. is committed to investing in companies that are dedicated to providing the best in gluten-free and plant-based food products.

It currently provides flours and mixes that are designed to bring flavour, texture, versatility and ease to your gluten-free kitchen.

The Good Flour Corp. (GFCO) opened trading at $0.38 per share.


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