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Canada's Nabati Global Foods raises funds ahead of proposed IPO


Nabati seeks listing on Canadian Stock Exchange
Canada s Nabati Foods Global has raised more than CAD7.7m (US$6.1m) through a private placement of so-called special warrants after taking over Nabati Foods Inc., a plant-based business serving North America.
Vancouver-based Nabati priced the warrants at 50 Canadian cents each to partly fund the company s proposed application to obtain a public listing on the Canadian Stock Exchange. It will also use the proceeds to develop the business, including a planned plant expansion and the purchase of new equipment. 
The company said it has acquired Nabati Foods Inc. through a share-exchange agreement involving the issue of 14m common shares to the shareholders of the acquired business. ....

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