VANCOUVER, British Columbia, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the "Company", "Blender Bites" or "Blender"), (CSE: BITE, FWB: JL4, WKN: A3DMEJ), announces that it will conduct a non-brokered private placement (the "Offering"), under the Listed Issuer Financing Exemption (as defined below), of up to 1,875,000 units of the Company (each, a "Unit") at a price of $0.64 per Unit to raise gross proceeds of up to $1,200,000. Each Unit will consist of one common share of the Company and one-quarter-of-one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.80 at any time on or before that date which is thirty-six months after the closing date of the Offering. The net proceeds from the Offering are expected to be used for operational expenses, including raw material purchases and inventory expansion, as well as sales and marketing, retirement of existing payables and general working capital purposes. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Offering is being made to purchasers resident in Canada, excluding Québec, pursuant to the listed issuer financing exemption under Part 5A of NI- 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities ...