An anonymous director reports
ZOGLO'S ANNOUNCES PRIVATE PLACEMENT
Zoglo's Incredible Food Corp. has arranged a non-brokered private placement offering of up to 2,429,260 units at a price of 3.11 cents per unit for gross proceeds of up to $75,550. Each unit consists of one common share of Zoglo's and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of five cents per common share for a period of 24 months from the closing date of the offering.
The total proceeds of the offering are expected to be used for general working purposes. The securities issued under the offering are subject to a four-months-and-one-day hold from the closing date.
About Zoglo's Incredible Food Corp.
Zoglo's Incredible Food is a publicly traded plant-based food company which offers nutrient-rich, plant-based appetizers, veggies and meat substitutes to fulfill consumers' needs for all occasions and cooking requirements. The company's wholly owned subsidiary, Zoglo's Incredible Food Inc., currently offers 14 products through its Traditional Green Box product line and aims to offer 12 innovative products for the mainstream market through its new Zoglo's Incredible Black Box product line. Over the past 25 years, Zoglo's products have been in distribution in over 1,300 retail stores across Canada, including Walmart, Shoppers Drug Mart, Sobeys and Loblaws, and has representation in the United States and Europe. The company trades on the Canadian Securities Exchange under the ticker ZOG and on the Frankfurt Stock Exchange under the ticker 7UT.
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