Billy Goat Brands Increases Ownership of - The Company Exercised its Incentive Purchase Warrants to Nearly Double its Equity Stake as Evanesce Prepares to Pursue a Public Listing in 2022
- The Sustainable Packaging Business Currently Produces Approximately 40 Million Compostable Straws per Month and is Expanding to Also Manufacture Compostable Cups, Forks, Spoons, and Knives
- GOAT’s Portfolio Company Recently Raised $8 Million via its Warrant Exercise Incentive Program
VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- Billy Goat Brands Ltd. (“GOAT” or the “Company”) (CSE: GOAT) (OTCQB: BGTTF) (FRA: 26B), a venture capital platform focused on investing in high-potential companies operating in the ocean economy, is pleased to announce that it has exercised its incentive warrants to nearly double the Company’s ownership stake in Evanesce Inc. (“Evanesce” or the “Portfolio Company”). Evanesce’s incentive warrant program enabled current warrant holders, including the Company, to exercise a bonus amount of 50% more purchase warrants than their previously held number of warrants. Pursuant to the incentive warrant exercise, GOAT has increased its ownership stake in the Portfolio Company.