Koios Beverage Corp. Closes Private Placement and Debt Settlement
Summary
Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.075 per Warrant for a period of five (5) years from closing.The Company intends to use the net proceeds from the Private Placement for marketing, development of its products, investor relations activity, and for general working capital purposes.No finders fees were paid on the Private Placement.The Company also announces that it has entered into debt settlement agreements ("Settlement Agreements") to settle outstanding cash payments owed to certain creditors totaling $575,000 for consulting fees.Pursuant to the Settlement Agreements, the Company has issued an aggregate of 11,500,000 Shares at a deemed price of $0.05 per Common share.All securities issued in connection with the Private Placement and Debt Settlement are subject to a statutory hold period of four months and one day from the date of issuance.None of the securities issued in connection with the Private Placement have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them have been offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.On behalf of the Board of Directors of the Company,For further information, please contact:Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.The Company is an emerging functional beverage company which has an available distribution network of more than 4,400 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States, including Europa Sports, Muscle Foods USA, KeHE, and Wishing-U-Well. Koios uses a proprietary blend of nootropics and natural organic compounds to enhance human productivity without using harmful chemicals or stimulants. Its ingredients are specifically designed to target brain function by increasing blood flow, oxygen levels and neural connections in the brain.Koios produces one of the only drinks in the world infused with MCT oil.