Billy Goat Brands Increases Ownership of Sustainable Packaging Disruptor Evanesce Packaging

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- Billy Goat Brands Ltd. (“GOAT” or the “Company”) (CNSX:GOAT.CN) (OTC-BB:BGTTF) (FRA:26B), a venture capital platform focused on investing in high-potential companies operating in the ocean economy, is pleased to announce that it has exercised its incentive warrants to nearly double the Company’s ownership stake in Evanesce Inc. (“Evanesce” or the “Portfolio Company”). Evanesce’s incentive warrant program enabled current warrant holders, including the Company, to exercise a bonus amount of 50% more purchase warrants than their previously held number of warrants. Pursuant to the incentive warrant exercise, GOAT has increased its ownership stake in the Portfolio Company.