Bettermoo(d) Food Corporation announces a non-brokered private placement of 265,958 units of the company at a price of CAD 1.88 per unit for gross proceeds of CAD 500,001.04 on December 10, 2023.Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder, on exercise, to purchase one additional share for a period of five years following the closing date of the financing at the exercise price of CAD 2.21 per share. The company will issue common shares equal to 2% of the number of units issued in the financing to Amalfi Corporate Services Ltd. as an administrative fee for Amalfi's assistance with the offering.

Pursuant to applicable securities laws, all securities issued under the financing will be subject to a statutory hold period of four months and one day. Closing of the financing remains subject to certain conditions, including, but not limited to, receipt of all necessary regulatory approvals.