Deveron Announces Closing of Second Tranche of Private Placement

Toronto, Ontario – Deveron Corp. (TSX-V: FARM) a leading agriculture digital services and analytics provider in North America, is pleased to announce that further to its press releases of August 3 and 17, 2021, the Company has closed the final tranche of its $8,210,957 private placement, through the issuance of 1,229,6.20 units in the capital of the Company at a price of $0.65 per Unit for gross proceeds of $799,253. Each Unit is comprised of one common share in the capital of the Company and one-half of one whole Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.85 per Common Share for a period of two years from the date of issuance.

“We are pleased to see significant investor demand for our financing, raising in total over $8 million,” commented David MacMillan, Deveron’s President and CEO.  “We remain focused on consolidating the independent agriculture crop consultant market under Deveron’s banner. We will continue investing significantly in our digital ecosystem where our clients and partners amass significant amounts of unique data, leading to increased yields, reduced costs and improved outcomes on the farm.”

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