Bettermoo(d) Food Corporation announced a non-brokered private placement of up to 5,592,105 units at a price of CAD 1.52 per unit for gross proceeds of up to CAD 8,499,999.6 on April 9, 2024. Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional share of the company for a period of five years from issuance, at a price of CAD 1.90 per share.

Closing of the first tranche of the Private Placement is anticipated to occur on or about April 17, 2024. Pursuant to applicable securities laws, all securities issued under the Private Placement will be subject to a statutory hold period of four months and one day from issuance. The Company does not anticipate paying any finder?s fees related to the Private Placement.