Yerbaé Announces Upsizing of Private Placement

Yerbaé Brands Corp.  a plant-based energy beverage company, is pleased to announce that due to significant investor demand it has increased the size of its previously announced private placement of unsecured convertible debenture units (the “Debenture Units”). The Company will now issue up to 4,000 Debenture Units at a price of US$1,000 per Debenture Unit (the “Issue Price”) for aggregate gross proceeds of up to US$4,000,000 (the “Offering”)

“We are incredibly excited by the strong demand in our current financing by both new and existing shareholders, the increase to US$4,000,000 will accelerate the growth of the Company’s marketing, increased distribution, and working capital,” said Todd Gibson, Founder and CEO of Yerbaé plant-based energy.

The Offering is being conducted by a syndicate of agents led by Beacon Securities Limited (“Beacon”) and including Echelon Wealth Partners Inc. and Roth Canada Inc. (collectively with Beacon, the “Agents”). The Company closed the first tranche of the Offering for aggregate gross proceeds of $1,650,000 on April 13, 2023.

The Company has also granted the Agents an option (the “Agents’ Option”), exercisable in whole or in part at any time up to 48 hours prior to the closing of the final tranche of the Offering, to sell up to an additional 600 Debenture Units (each, an “Additional Debenture Unit”) at a price per Additional Debenture Unit equal to the Issue Price for additional gross proceeds up to US$600,000, with each Additional Debenture Unit being sold on the same terms as the Debenture Units.