Happy Belly Food Group (TSE:HBFG) has released an update.
Happy Belly Food Group has successfully completed a $2 million non-brokered private placement with K2 & Associates, issuing 2,000 convertible debentures to bolster its balance sheet for potential M&A opportunities. These debentures, maturing in three years with a 12% annual interest rate, can be converted into common shares at $0.75 each. The deal positions Happy Belly for accelerated growth by leveraging both organic and inorganic strategies.
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