An anonymous director reports
YUMY CANDY ARRANGES $600,000 PRIVATE PLACEMENT
The Yumy Candy Company Inc. has arranged a non-brokered private placement comprising up to 3,076,924 units at a price of 19.5 cents per unit for gross proceeds of $600,000.18.
Each unit will comprise one common share and one common share purchase warrant of the company. Each warrant will be exercisable into a common share of the company for a period of 24 months at an exercise price of 25.5 cents for 24 months from issuance. The proceeds of the private placement will be used for the mineral properties of the company and general working capital.
Yumy Bear is an affordable, health-conscious, low-sugar, plant-based confectionery company based in Vancouver, B.C., and it has developed a portfolio of healthier, gelatin-free candies made from non-GMO (genetically modified organism) ingredients with proprietary recipes. All of its products are free of gelatin, soy, gluten, nuts, dairy, eggs, sugar alcohols, artificial sweeteners and genetically modified organisms.
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