Ms. Gabi Kabazo reports
BYND CANNASOFT ENTERPRISES INC. INCREASES SIZE OF PREVIOUSLY ANNOUNCED $500,000 NON-BROKERED PRIVATE PLACEMENT FINANCING
BYND Cannasoft Enterprises Inc.'s previously announced private placement financing (see press release dated April 26, 2021) has been oversubscribed, and, as a result, the company has agreed to increase the size of the offering to $522,410.
In exchange, the company will issue up to 435,342 common shares at an issue price of $1.20 per share to investors.
The private placement is expected to close in the next few days and remains conditional upon the receipt of all necessary regulatory approvals. No finder's fee will be payable in connection with the private placement. Pursuant to Canadian securities laws, all securities issued pursuant to the private placement will be subject to a hold period of four months and one day from the date of closing of the private placement.
About BYND Cannasoft Enterprises Inc.
BYND Cannasoft Enterprises is an integrated software/cannabis company based in Israel.
We seek Safe Harbor.
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