Komo Plant Based Foods Inc. announced a a non-brokered private placement of 3,333,333 units at an issue price of CAD 0.15 per unit for the gross proceeds of CAD 500,000 on February 3, 2023. . Each Unit consists of one common share and one common share purchase warrant.

Each Warrant is exercisable to acquire one common share at a price of CAD 0.20 per Warrant Share for a period of 36 months from the closing of the transaction. The transaction will also include participation from the management. In connection with the Offering, the Company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the Exchange.

If finders' fees are paid in connection with the transaction, it is expected that any cash finders' fee will be equal to 8% of the proceeds placed by the applicable finder, and any finder's fee paid in securities will be equal to 8% of the number of Units placed by the applicable finder. All securities issued and issuable pursuant to the transaction will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.