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PlantFuel Life Inc C.FUEL

Alternate Symbol(s):  PLFLF

PlantFuel Life Inc. is a Canada-based plant-based wellness company, which is focused on health supplements, nutraceuticals and plant protein-based products. Its products include All-in-One Nutrition, Performance Protein, All-in-One Pre-Workout, All-in-One Recovery, and Daily Immunity + Hydration. Its All-in-One Nutrition and Performance Protein offers chocolate and vanilla flavors. The All-in-One Pre-Workout offerings include initial flavor offerings including fruit punch, watermelon, and blue raspberry. Its All-in-One Recovery flavor offerings include blood orange and berry breeze. Its Daily Immunity + Hydration offerings include citrus burst, tropical punch, and raspberry lemonade. The Company also has a portfolio of two formulations made from natural ingredients, which are pre-workout and electrolyte gummies. Its subsidiaries include Best Cannabis Products Inc., BCP Holdings and Investments Inc., Big Rock Technologies Inc., Fusion Nutrition Incorporated, and PlantFuel, Inc.


CSE:FUEL - Post by User

Post by Betteryear2on Aug 09, 2021 4:25pm
397 Views
Post# 33673372

Completes Non-Brokered Private Placement

Completes Non-Brokered Private Placement

Mississauga, Ontario – TheNewswire - August 9, 2021 – PlantFuel Life Inc. (CSE:FUEL) (OTC:BLLXF) (FSE:BR1B) (CNSX:FUEL.CN) (“PlantFuel” or the “Company”) is pleased to announce that, further to its press releases dated July 27, 2021 and July 29, 2021, it has completed a non-brokered private placement (the “Private Placement”) of 12,000,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $3,000,000. Each Unit was comprised of one common share (each a “Share”) and one-half of one common share purchase warrant (each a “Warrant”). Each whole Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.40 per Share for a period of 18 months from the date of issuance.

The Company paid cash finder’s fees to certain registered dealers of up to 6% of the proceeds derived from subscriptions introduced to the Company under the Private Placement. The Shares and Warrants are subject to a statutory hold period until the date that is four months and one day from the date of issuance.

The Company intends to use the proceeds from the Private Placement to support its GNC launch and for general working capital.

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