(TheNewswire)
Mississauga, Ontario – The Newswire – February 9, 2022– PlantFuel Life Inc. (CSE:FUEL) (CNSX:FUEL.CN) (OTC:PLFLF) (FSE:BR1B)(“ PlantFuel ” or the “ Company ”) wishes toclarify the terms of its previously announcedprivate placement (the “ Private Placement ”) of up to 6,000,000 units(the “ Units ”), at a price of $0.50 per Unit, for gross proceeds of upto $3,000,000.
Each Unit will be comprised of one common share (each a“ Share ”) and one common share purchase warrant (each a“ Warrant ”). Each Warrant entitles the holder to purchase oneadditional Share of the Company, at a price of $0.62 per Share for aperiod of 24 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 launch at Amazon and GNC and also forgeneral working capital.
The company has also launched its investor relationswebsite www.PlantFuellife.com . Thiswill allow investors to access all relevant information about thecompany stock, business and products.
About PlantFuel Life Inc.
PlantFuel Life Inc is a scientifically focused,plant-based wellness company managed by successful entrepreneurs with extensive experience in theareas of consumer-packaged goods, manufacturing, logistics, anddistribution. https://plantfuellife.com/
The Canadian Securities Exchange ("CSE") hasneither approved nor disapproved the contents of this news release.Neither the CSE nor its Market Regulator (as that term is defined inthe policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.
This news release does not constitutean offer to sell or a solicitation of an offer to buy any of thesecurities in the United States. The securities have not been and willnot be registered under the United States Securities Act of 1933, asamended (the "U.S. Securities Act") or any state securitieslaws and may not be offered or sold within the United States or toU.S. persons unless registered under the U.S. Securities Act andapplicable state securities laws or an exemption from suchregistration is available.
Copyright (c) 2022 TheNewswire - All rights reserved.