Bettermoo(d) Food Corporation announced a private placement to issue 1,287,554 units at an issue price of CAD 2.33 per unit for the gross proceeds of CAD 3,000,000.1 on June 1, 2023. Each Unit will consist of one common share and one-half of one common share purchase warrant exercisable at a price of CAD 3.50 per Share for a period of thirty-six months from issuance. The Company may pay finders' fees to eligible third-parties which have assisted in introducing subscribers to the Financing.

All securities issued in connection with the Financing will be subject to a statutory hold period for four-months-and-one-day following issuance in accordance with applicable securities laws. The Financing remains subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange.