Cult Food Science Corp announced a private placement to issue 16,000,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of up to CAD 800,000 on April 17, 2024. Each Unit will consist of one common share in the capital of the Company and one transferrable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at an exercise price of CAD 0.06 per share for a period of two years following the closing of the Offering.

All securities to be issued under the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.