Pangea Natural Foods Completes $300K Private Placement

Pangea Natural Food, Inc. (TSE:PNGA) has released an update.

Pangea Natural Foods Inc., a food manufacturing company, has successfully completed a non-brokered private placement by issuing 6 million units at $0.05 each, totaling $300,000 in gross proceeds. The funds are earmarked for general working capital and accounts payable, with each unit consisting of a common share and a share purchase warrant, which can be exercised at $0.06 within a 12-month period.

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