August 6, 2020 – Toronto based CO2 GRO Inc. (“GROW” or the “Company”) (TSXV: GROW, OTCQB: BLONF, Frankfurt: 4021) is pleased to announce the intention to complete a $1,380,000 fully-subscribed private placement (the “Offering”) led by Ospraie Ag Science LLC (“OAS”), investing $1.2 million in the Offering. OAS is a leading global Strategic Ag-Tech Investment Fund.
The Offering is comprised of 11,498,695 units (each, a “Unit”) at a price of $0.12 per Unit, for aggregate proceeds of $1.38 million. Each Unit will consist of one common share (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share of the Company at a price of $0.15 for eighteen months from the date of issuance.