Billy Goat Brands Announces Closing of Private Placement of Special Warrants

VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- Billy Goat Brands Ltd. (the “Company” or “Billy Goat Brands”) (CNSX:GOAT.CN), an investment issuer focused on identifying, sponsoring and incubating ESG-focused companies in the plant-based food technology sector on their way to bespoke liquidity events, is pleased to announce it has closed the non-brokered private placement of 16,150,000 special warrants (“Special Warrants”) at a price of $0.05 per Special Warrant for gross proceeds of $807,500. Each Special Warrant is convertible into units (the “Units”) with each Unit consisting of one common share (the “Shares”) of the Company and one transferable common share purchase warrant (the “Warrants”), with each Warrant entitling the holder thereof to purchase one additional Share of the Company at a price of $0.10 per Share for a period of 60 months from the date of issuance of the Warrants.