Cannibble Food-Tech Ltd. announced a non brokered private placement to issue 2,003,571 units at an issue price of CAD 0.28 per unit for the gross proceeds of CAD 560,999.88 on November 30, 2023. Each Unit will consist of one ordinary share and one Share purchase warrant with each Warrant entitling the holder thereof to purchase a Share at an exercise price of CAD 0.40 for a period of 24 months from the date of issuance. Closing of the Private Placement is anticipated to occur on or about December 6, 2023.

Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary stock exchange and other approvals. The company may pay a finder's fee in connection with the Private Placement to eligible finders in accordance with the policies of the Canadian Securities Exchange and applicable securities laws consisting of a cash commission of up to 8% of the gross proceeds of the Private Placement; and a number of ordinary share purchase warrants equal to up to 8% of the number of Units sold pursuant to the Private Placement. Each Finder's Warrant will entitle the holder thereof to acquire one Share at a price of CAD 0.28 per Share for a period of 24 months from the date of issuance.

All securities issued under the Private Placement, including underlying securities, will have a hold period of four months and one day from the date of issue.