(TheNewswire)
Mississauga, Ontario – TheNewswire - July 29, 2021 – PlantFuel Life Inc. (CSE:FUEL) (CNSX:FUEL.CN) (OTC:BLLXF) (FSE: BR1B) (“PlantFuel” or the “Company”) announces that, further to its news release of July 27, 2021, it hasincreased its non-brokered private placement (the “ Private Placement ”)from 10,000,000 units (the “ Units ”) at a price of $0.25 per Unit forgross proceeds of up to $2,500,000 to 12,000,000 Units at a price of$0.25 per Unit for gross proceeds of up to $3,000,000.
Each Unit will be comprised of one common share (each a“ Share ”) and one-half of one common share purchase warrant (eacha “ Warrant ”) with each whole Warrant entitling the holder to purchaseone additional Share of the Company at a price of $0.40 per Share fora period of 18 months from the date of issuance.
The Shares and Warrants issued will be subject to afour month hold period pursuant to securities laws in Canada.
The Company intends to use the proceeds from thePrivate Placement to support its GNC launch and for general workingcapital.
For additional informationcontact:
PlantFuel Life Inc.
About PlantFuel
PlantFuel Life Inc. is a scientifically focused,plant-based wellness company managed by a group of successfulentrepreneurs who have extensive experience in the areas of consumerpackaged goods, manufacturing, logistics, and distribution. FUEL is aCPG life science company focused on the plant-based foods andsupplements industry. www.plantfuel.com .
The CSE has neither approved nor disapproved thecontents of this news release. Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of thisrelease.
The securitiesreferred to in this news release have not been, nor will they be,registered under the United States Securities Act of 1933, as amended,and may not be offered or sold within the United States or to, or forthe account or benefit of, U.S. persons absent U.S. registration or anapplicable exemption from the U.S. registration requirements.
This news releasedoes not constitute an offer for sale of securities for sale, nor asolicitation for offers to buy any securities. Any public offeringof securities in the United States must be made by means of aprospectus containing detailed information about the company andmanagement, as well as financial statements.
NOT FORDISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIESDESCRIBED HEREIN
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