VANCOUVER, BC, Feb. 15, 2023 /CNW/ - Simply Better Brands Corp. ("SBBC" or the "Company") (TSXV: SBBC) (OTCQB: PKANF) is pleased to announce that it has closed the first tranche of its previously announced private placement and upsized on February 7, 2023 (the "Private Placement"). The Company issued a total of 20,020,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of $5,005,000. Each Unit consisted of one common share of SBBC ("Common Share") and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to acquire one Common Share for a period of two years following the closing of the financing at an exercise price of $0.45 per Common Share. All securities issued in connection with this private placement are subject to a four-month hold period.
Read more at newswire.caSIMPLY BETTER BRANDS CORP. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT OF UNITS
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