good natured Products Inc. announces $3M private placement

VANCOUVER — good natured Products Inc., a North American manufacturer of plant-based products, announced that it has entered into an agreement with Beacon Securities Limited and Integral Wealth Securities Limited as joint bookrunners on behalf of a syndicate of agents in connection with a best efforts private placement of a minimum of 21,430,000 units of the Company at a price of $0.14 per Unit for aggregate gross proceeds of $3 million, subject to a maximum as set out in Part 5A of National Instrument 45-106 – Prospectus Exemptions.

Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant of the Company. Each Warrant will entitle the holder thereof to acquire one common share at an exercise price per Warrant Share of $0.19 for a period of 30 months from the closing of the Offering.

In consideration for the services to be provided by the Agents in connection with the Offering, the Company has also agreed to pay the Agents a cash commission equal to 7.0% of the aggregate gross proceeds of the Offering and issue that number of compensation options to the Agents equal to 7.0% of the aggregate number of Units issued pursuant to the Offering. Each Compensation Option shall entitle the holder thereof to acquire one common share of the Company at the Issue Price for a period of 30 months from the closing of the Offering. The Agents will receive a reduced cash commission of 3.0% and that number of Compensation Options equal to 3.0% of the number of Units sold to insiders of the Company, subject to a maximum of $1,500,000 on insider sales.

The net proceeds of the Offering are expected to be used by the Company to fund working capital to support organic growth initiatives and strategic acquisitions.

good natured® is pursuing its goal of becoming an earth-friendly product company by offering an assortment of plant-based products made from rapidly renewable resources instead of fossil fuels.