Mr. Chadwick White reports
NEPRA FOODS ANNOUNCES CLOSING OF FIRST TRANCHE OF A NON-BROKERED PRIVATE PLACEMENT
Nepra Foods Inc. has closed the first tranche of its previously announced non-brokered private placement. The offering consisted of 12,201,100 units of the company at five cents per unit for aggregate gross proceeds of $610,055.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at an exercise price of 10 cents per warrant share until Sept. 28, 2025.
Proceeds from the offering will be used for general corporate and working capital purposes.
The securities issued pursuant to the offering are subject to a four-month hold period ending on Jan. 29, 2024, under applicable Canadian securities laws.
About Nepra Foods Inc.
Nepra Foods is grounded in a passion for food. The company believes eating healthy should be easy. Everybody deserves food options that are truly nutritious and taste good. Food should be allergen free so that everyone in the family can enjoy eating it together. Plant-based foods can offer high-quality nutrition and taste great while maintaining a low-carbohydrate profile. Nepra Foods is on a mission to make healthy, enjoyable food for everybody.
We seek Safe Harbor.
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