bettermoo(d) Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia,Canada – November 4, 2022 – bettermoo(d)Food Corporation (CSE: MOOO), (OTCQB: MOOOF), (Frankfurt: 0I50,WKN: A3DNBE) (the “Company”or “bettermoo(d) Food”), is pleased toannounce that it hascompleted a non-brokered private placement (the “Financing”) of1,470,588 units (the “Units”) at a price of $0.34 per Unit for grossproceeds of $500,000.00. Each Unit consists of one (1) share (each, a “Share”)and one (1) transferable Share purchase warrant (each, a “Warrant”).Each Warrant entitles the holder thereof to purchase one (1) additional Shareof the Company for a period of two years from closing at a priceof $0.45 per Share.
The net proceedsfrom the Financing will be used for working capital and general corporatepurposes of the Company.
In connectionwith completion of the Financing, the Company issued 14,706 Shares of theCompany to a third-party in consideration for administrative services renderedin connection with the Financing.
Pursuant toapplicable securities laws, all securities issued under the Financing aresubject to a statutory hold period of four months and a day expiring on March 5,2023.
ABOUT BETTERMOO(D) FOOD CORPORATION
bettermoo(d) Food Corporation is an innovativebeverage company focused on delivering high quality products through online andin-store retail platforms. Bettermoo(d) Food Corporation utilizes social mediato deliver educational experiences for their customer base while demonstrating -pioneering beverage technologies.
ONBEHALF OF THE BOARD of DIRECTORS
Chief ExecutiveOfficer and Director
bettermoo(d) Food Corporation
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TheCSE does not accept responsibility for the adequacy or accuracy of thisrelease.
This news releaseincludes certain “forward-looking statements” under applicable Canadiansecurities legislation, including the anticipated use of the proceeds of theFinancing and the corporate objectives of the Company. Forward-lookingstatements are necessarily based upon several estimates and assumptions that,while considered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may cause the actual results and futureevents to differ materially from those expressed or implied by such forwardlooking statements. Such factors include, but are not limited to generalbusiness, economic, competitive, political, and social uncertainties, anduncertain capital markets. Readers are cautioned that actual results and futureevents could differ materially from those anticipated in such statements.Accordingly, readers should not place undue reliance on forward-lookingstatements. The Company disclaims any intention or obligation to update orrevise any forward-looking statements, whether as a result of new information,future events or otherwise, except as required by law.