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Two Blokes Apr 15 -
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VANCOUVER, BC, April 15, 2025 - TheNewswire - Pangea Natural Foods Inc. (the ‘Company' or ‘Pangea') (CSE: PNGA) (OTCQB: PNGAF) a manufacturer and co-packer of health food products, supplements and peptide products, is pleased to announce that it is undertaking a non-brokered private placement of up to 11,600,000 special warrants of the Company (each, a “Special Warrant”) at a price of $0.25 per Special Warrant, for aggregate proceeds of up to $2,900,000 the (“Offering”). Each Special Warrant will automatically convert without payment of any additional consideration into one Unit on the date (the “Conversion Date”) that is the earlier of (i) the third business day after a) a receipt from the applicable securities regulatory authorities for a (final) short form prospectus (a “Qualifying Prospectus”) or b) the date of filing a prospectus supplement (the “Prospectus Supplement”) to a short form base shelf prospectus qualifying the distribution of the Units issuable upon the conversion of the Special Warrants, and (ii) 4 months and one day after the issue date of the Special Warrants. No Special Warrants may be exercised by the holder thereof prior to the Conversion Date.
