Yerbaé Brands Corp. announced a private placement of 1,003,468 special warrants at a price of $1.50 per special warrant for gross proceeds of $1,505,202 on December 7, 2023. Each special warrant will be exercisable for one unit. Each underlying unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of $1.75 for 24 months following the date of closing. The company paid the agents cash fees of $15,055.43 and issued to the agents an aggregate of 31,622 common shares at a deemed price per compensation share of $1.50 and an aggregate of 41,658 common share purchase warrants, with each compensation warrant entitling the agents to purchase an equal number of common shares at an exercise price of $1.50 for a term of 36 months from the closing date. All securities issued in connection with the offering are subject to a statutory four-month hold period.

The company has issued 166,666 special warrants for gross proceeds of $249,999 pursuant to Regulation D. Each unit consists of one share and one share purchase warrant. The transaction will include participation one investor who do not qualify as accredited investors.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 19 placees and 5 pro groups for 185,037 warrants. The company has issued 14,230 broker's shares and 18,746 broker's warrants to Raymond James Ltd, 14,230 broker's shares and 18,746 broker's warrants to Echelon Wealth Partners Inc, ,581 broker's shares and 2,083 broker's warrants to Beacon Securities Ltd. and 1,581 broker's shares and 2,083 broker's warrants to Roth Canada Inc.