Sol Cuisine Inc. announced a brokered private placement of 6,000,231 subscription receipts at a price of CAD 2.15 per receipt for proceeds of CAD 12,900,496.65 and non-brokered private placement for 976,513 shares at a price of CAD 2.15 per share for proceeds of CAD 2,099,503 for aggregate gross proceeds of CAD 15,000,000 on April 15, 2021. The transaction will include participation from existing shareholders. Each subscription receipt will consist of one unit. Each unit shall consist of one common share and one-half of one purchase warrant. Each resulting issuer warrant shall entitle the holder thereof to acquire share at a price of CAD 2.60 for a period of 24 months following the completion of the transaction, subject to the right of the resulting issuer to accelerate the expiry date of warrants in the event that the closing price of the shares on the TSXV remains equal to or higher than CAD 3.90 for 20 consecutive trading days. The company has accepted TSX venture exchange filings for brokered private placement and included participation from 112 placees including 262,357 shares from three participants and non-brokered private placement and included participation from 8 placees including Power Inc. for 44,509 shares, New Acres Funds for 181,776 shares, Export Development Canada for 174,493 shares, Mike Fata for 3,893 shares, John Flanagan for 3,893 shares and returning investor BDC Capital Inc. for 529,137 shares.