JONES SODA CO. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT OF UNITS FOR GROSS PROCEEDS OF $3,013,960

SEATTLE, July 29, 2024 /PRNewswire/ — Jones Soda Co. (“Jones Soda” or the “Company“) (CSE: JSDA, OTCQB: JSDA) is pleased to announce that it has closed the first tranche of its previously announced private placement offering of units of the Company composed of: (i) one (1) common share in the capital of the Company (each, a “Common Share“); and (ii) one‐half (1/2) of one detachable share purchase warrant (each whole warrant, a “Warrant“, and together a “Unit“) for aggregate gross proceeds of $3,013,960 (the “Offering“).

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