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Komo Plant Based Foods Inc (2)
Symbol	YUM
Shares Issued	9,707,097
Close 2023-04-26	C$ 0.175
Market Cap	C$ 1,698,742
Recent Sedar+ Documents

Komo Plant Based closes private placement

2023-04-28 16:57 ET - News Release

White Subject: News Release for Immediate Dissemination - Komo Plant Based Foods Inc. External Inbox Word Document File: '\\swfile\EmailIn\20230428 134516 Attachment 23.04.26 Komo PR - PP Closing.docx' Komo Closes Private Placement of Units Vancouver, B.C. - April 28, 2023: Komo Plant Based Foods Inc. (CSE: YUM) (OTC Pink: KOMOF) (FRA:9HB) ("Komo" or the "Company"), announces today that it closed a non-brokered private placement, issuing an aggregate of 1,955,702 units (each, a "Unit") at a price of $0.15 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company (a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 36 months from the closing of the Offering. No finders fees were paid in connection with the issuance. Of the Units issued, convertible debentures worth $62,000 were converted into 413,332 Units. In addition, past interest of $6,355.56 was converted into 42,370 Units, and 733,333 Units were issued for debt settlement. All securities issued pursuant to the transactions noted in this press release are subject to a four-month and one day hold period in Canada from the date of the issuance. Consequently, unless otherwise permitted by applicable securities legislation, the holder of such securities must not trade the securities before such date. About Komo Komo Plant Based Foods is a premium plant-based food company that develops, manufactures and sells a variety of plant-based frozen meals that are always hearty, satisfying and made with wholesome ingredients. At Komo, the company's mission is to help make plant-based meals a staple on every dinner table by sharing the company's love for feel-good food that connects the people to the planet. The company believes plant-based eating is the future and that "Change can start with a single bite." The company's experienced plant-based innovation and development team recreates vegan versions of traditionally cheesy and meaty classics, with 100 per cent plants. Komo's products are sold direct-to-consumer through the company's e-commerce website, and a distribution network of on-line and brick and mortar grocery, convenience and natural retailer channels. The company's operating subsidiary, Komo Comfort Foods, launched in 2021 with the company's flagship products: plant-based lasagna, shepherd's pie and chickenless pot pie, and Komo Plant-Based Meal Helpers -- versatile meal starters to allow the creation of many dishes at home. Komo's newest product is Mac & Greens. All of the company's products are 100-per-cent plant-based, made with wholesome ingredients, free from preservatives and frozen for freshness. Freezing products is a natural and effective way of keeping food products for longer without having to use any preservatives. Komo's meals have an 18-month frozen shelf life. Learn more at: www.komocomfortfoods.com and follow on Instagram: @komocomfortfoods For further information, please contact: William White, President & CEO, Komo Plant Based Foods Inc. will@komoeats.com +1 (236) 8000-YUM / (236) 800-0986 The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release. Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Komo's future performance. The use of any of the words and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Komo management's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Komo's ability to retain key personnel, its projected revenues, its projected expenses, its ability to raise capital, and its expectation as to the continued increase in the number of retailers and consumers of its products constitute forward- looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Komo disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.