Else Nutrition Plant Based Baby Formula (BABY) (BABYF) (OYL)

Else Nutrition Plant Based Baby Formula (BABY) (BABYF) (OYL) – OCTOBER 21, 2020 – RICH TV LIVE – ELSE NUTRITION HOLDINGS INC. (TSXV: BABY) (OTCQX: BABYF) (FSE: 0YL) (‘Else’ or the ‘Company’), is pleased to announce that it has closed its previously announced upsized bought deal public offering of units (the ‘Units’) for aggregate gross proceeds of approximately CAD$20.7 million, including the exercise of the over-allotment option in full (the ‘Offering’).

The Company issued 9,200,000 Units at a price of CAD$2.25 per Unit, each Unit consisting of one common share of the Company (a ‘Share’) and one-half of one common share purchase warrant, with each whole warrant (a ‘Warrant’) entitling the holder to purchase one Share at the price of CAD$3.25 per Share until October 6, 2022. The Company has received approval from the TSX Venture Exchange (‘TSXV’) to list the Warrants issued pursuant to the Offering, and the Warrants are expected to be listed and posted for trading on the TSXV under the ticker symbol ‘BABY.WT’ effective on or about October 8, 2020.

Concurrent with the Offering, the Company issued 2,224,111 Units on a private placement basis, for additional gross proceeds of approximately CAD$5 million (the ‘Private Placement’). New H2 Limited (‘New H2’), a wholly owned subsidiary of Health and Happiness (H&H) International Holdings Ltd, a Hong Kong Stock Exchange company (HK:1112), subscribed for CAD$4,000,000 worth of Units in the Private Placement pursuant to a previously disclosed investor rights agreement dated March 2, 2020 between the Company and New H2.

About Else Nutrition Holdings Inc.

Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the ‘2017 Best Health and Diet Solutions’ award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc, is a publicly traded company, listed on the TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL.

Else’s Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children’s Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children’s Medical Center of Israel, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium. #ELSENUTRITION #BABY #RICHTVLIVE

Join The Trading Club Here – https://www.richpicksdaily.com/

YOUTUBE SUBSCRIBE – https://www.youtube.com/c/RICHTVLIVE





Rich TV’s company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in Rich TV reports, company profiles, or other investor relations materials and presentations are subject to change. Rich TV and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.

Stock market investing is inherently risky. Rich TV is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. RICH TV LIVE INC. expects to be compensated $800 CAD for this video presentation.

We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission (“SEC”) at www.sec.gov.

View original video here.

Leave a Comment