CE Brands (TSX.V: CEBI), a data-driven consumer-electronics company, has announced its intention to close a portion of the previously announced non-brokered private placement (the “offering”) of senior secured convertible notes on or about May 25, 2022, under the same terms and conditions as disclosed on April 13, 2022. In addition, the company announced that it has also secured non-dilutive funding through its existing credit facility with Choco-Up (“Choco”). “The current volatility across both the debt and equity capital markets has proved challenging with respect to our contemplated financings, and we are happy to be in a position to close another tranche of convertible debentures with Vesta,” said Craig Smith, CEO of CE Brands. “We have a strong relationship with Choco and are pleased to announce an additional non-dilutive funding commitment that reflects their ongoing support of our current operational momentum. In total, we have secured over CA$3,812,500 in total funding, which positions us to continue to execute on our growth plans.”
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About CE Brands Inc.
CE Brands develops products with leading manufacturers and iconic brand licensors by utilizing proprietary data that identifies key market opportunities. With sales today in over 70 countries, the company’s innovative, highly repeatable process, which it calls the “CE Method,” has created an optimal growth path for CE Brands to be the premier global licensed brand manufacturer. For more information about the company, please visit www.CEBrands.ca.
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