Jones Soda Co. Announces $3M Private Placement

Jones Soda (JSDA) has released an update.

Jones Soda Co. has launched a private offering aimed at raising $3 million by selling 7.5 million units at $0.40 each, with each unit comprising a common share and a half warrant. The warrants are exercisable at $0.50 per share for two years, with the potential for an accelerated expiry. The proceeds will enhance growth and support general corporate functions.

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