Nepra Foods Inc. announced a non-brokered private placement to issue 20,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,000,000 on September 13, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.10 for a period of 24 months from the closing of the offering.

The company may pay finder's fees on the offering within the amount permitted by the policies of the Canadian Securities Exchange (CSE). Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.