Happy Belly Food Group Inc. announced a non-brokered private placement of 1000 unsecured convertible debentures at a principal amount of CAD 1,000 for total gross proceeds of CAD 1,000,000 on February 13, 2024. The debentures will be convertible into common shares of the company at a conversion price of CAD 0.50 per share and will have an interest rate of 12% p.a. The transaction will include participation from new investor, TRIO Capital Group Inc. The transaction is expected to close in February 2024.
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- Happy Belly Food Group Inc. announced that it expects to receive CAD 1 million in funding from TRIO Capital Group Inc.