Jones Soda Co. Announces Closing of Private Placement

Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA ) ("Jones Soda" or the "Company") is pleased to announce that it has closed its previously announced private placement offering of units of the Company (the "Offering") 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 with a Common Share, a "Unit") for aggregate gross proceeds of $1,735,000. The Company intends to use the net cash proceeds of the Offering to support growth and for general corporate purposes. In connection with the Offering, the Company paid Revere Securities LLC, who acted as a finder in the Offering a cash fee equal to 8.0% of the gross proceeds from the Offering as well as Warrants equal to the 8.0% of the total number of Units issued in the Offering.