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Koios Beverage Corp. Closes Private Placement and Debt Settlement, The Canadian Business Journal

VANCOUVER, BC, DENVER, OCTOBER 3, 2022 (GLOBE NEWSWIRE) — Koios Beverage Corp. (CSE: FIT; OTC: FITSF) (“We” or “Koios”) is pleased to announce that it has closed an unbrokered private placement of 2,000,000 units (“unit“) Total $100,000 (“private placement”). Each unit consists of one common share of the company’s equity (each a “share“) and one transferable Common Stock Purchase Warrant (each, “warrant”). Each stock acquisition right entitles its holder to acquire one additional share for him for five years from closing at a price of $0.075 per stock acquisition right.

The Company intends to use net proceeds from the private placement for marketing, product development, investor relations and general working capital purposes.

In private placements, no finder’s fees were paid.

The Company also announces that it has entered into a debt settlement agreement (“settlement agreement“) to settle outstanding cash payments owed to certain creditors, totaling $575,000 in consulting fees.

Pursuant to the settlement agreement, the Company issued a total of 11,500,000 shares at a deemed price of $0.05 per share of common stock.

All securities issued in connection with private placements and debt settlements 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 are registered with any stock exchange. US Securities Act of 1933(“1933 Act”), and none of them are offered or sold in the United States without registration or an applicable exemption from the registration requirements of the 1933 Act. It does not constitute a solicitation of an offer to purchase, and no sale of securities shall be made in any state where such offer, solicitation or sale would be unlawful.

On behalf of our Board of Directors,

Koios Beverage Co., Ltd.

“Chris Miller”
Chris Miller, CEO and Director

For more information, please contact:

Gina Burrus
[email protected]

Neither the Canadian Stock Exchange nor its market regulators (as that term is defined in the Canadian Securities Exchange Policy) take responsibility for the adequacy or accuracy of this release.

About Koios Beverage

The Company is an emerging functional beverage company with access to a distribution network of more than 4,400 retailers nationwide to market 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 the use of harmful chemicals or stimulants. It has been shown to increase mental performance, memory retention, cognitive function, alertness, brain capacity, and produce mental clarity throughout the day. Specifically designed to target brain function by increasing

Koios makes one of the only beverages in the world that is infused with MCT oil. MCT oil is derived from coconuts and helps the body burn fat more effectively, create sustained energy from natural food sources, and produce ketones in the brain, enhancing brain function and clarity and promoting a healthy lifestyle. It has been shown to support hormone production and help improve immunity. Visit our website (https://www.koiosbeveragecorp.com) for more information.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. In many cases, but not always, forward-looking information and information are referred to as “plans,” “expects,” “does not expect,” “anticipates,” “estimates,” “intends,” ” anticipate, “unexpect,” or “believe,” or variations of such words or phrases, or that a particular action, event, or outcome “could,” “could,” “could,” Saying “could”, “could”, or “could” be taken, occurred or achieved. Forward-looking information in this news release includes statements regarding: Forward-looking information reflects management’s current expectations based on information currently available and includes many statements that could cause results to differ materially from those described in the forward-looking information. Subject to risk and uncertainty. Although we believe that the assumptions and factors used in preparing forward-looking information are reasonable, we should not place undue reliance on such information and that such There is no guarantee that it will occur within the disclosed time frame or that it will not occur at all. Factors that could cause actual results or events to differ materially from current expectations include: (ii) growth and changing size of the functional beverage market; (iii) other factors beyond our control. We operate in a rapidly evolving environment. New risk factors arise from time to time, and it is not possible for our management to predict all risk factors, and we do not know what impact they will have on our business or what factor or combination of factors may be. It is also not possible to assess the extent of the impact. It could cause actual results to differ from those contained in the forward-looking information. The forward-looking information contained in this news release is made as of the date of this news release, and the Company may make forward-looking statements as a result of new information, future events or otherwise. We expressly disclaim any intention or obligation to update or revise. except where required by applicable law.

This news release generally contains information about (i) Koios’ relationship with the third parties mentioned in this release and/or (ii) the client/vendor/vendor whose relationship with Koios is mentioned in this release. Service Provider Party. All rights to such trademarks are reserved by their respective owners or licensees.

contact address:
Gina Burrus
[email protected]

This content was published through Newswire.com’s press release distribution service.

CBJ Newsmaker

Koios Beverage Corp. Closes Private Placement and Debt Settlement, The Canadian Business Journal

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