Plant Veda Foods Ltd. announced a non-brokered private placement of 432,692 units at a price of CAD 0.52 per unit for gross proceeds of CAD 225,000 on April 22, 2022. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.85 per share for a period of 2 years from issuance.

The securities issued will be subject to restriction period of four months and one day from issuance.