Eshbal Announces Non-Brokered Private Placement
VANCOUVER, BC, Jan. 22, 2026 /CNW/ – Eshbal Functional Food Inc. (TSXV: ESBL) (“Eshbal” or the “Company”) is pleased to announce the initiation of a non-brokered private placement offering of up to 4,411,765 units of the Company (each, a “Unit”) at a price of $0.17 per Unit for gross proceeds to the Company of up to 0,000 (the “Offering”).
The private placement will be made via units (each a “Unit”), whereby each Unit consists of one common share of the Company (a “Common Share”) and one full Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Common Share (a “Warrant Share”) at an exercise price of $0.30 at any time up to twenty four months following the Closing Date (as defined herein).
The Units to be issued under the Offering will be offered by way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces of Canada, and in jurisdictions outside of Canada, including the United States, as determined by the Company, where no prospectus, registration or comparable obligations arise.
The net proceeds from the Offering will be utilized by the Company to advance acquisition opportunities, support ongoing product development, sales initiatives and working capital.
The Company may elect to pay fees to certain finders (“Finders Fees”), which may include issuance of finder’s warrants (the “Finders Warrants”), in accordance with the policies of the TSX Venture Exchange (the “TSXV”). The Finders Warrants shall have the same terms and conditions as the Warrants comprising the Units.
The Offering is expected to close on or around January 29, 2026 (the “Closing Date”) and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV. The securities to be issued under the Offering, including any Finders’ Warrants, will have a hold period of four months and one day from the Closing Date, in accordance with applicable securities laws.
