December 24, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“Progressive Planet”, “PLAN” or the “Company”) announces that, further to its news release dated December 4, 2019, the Company has closed the first tranche of the private placement comprising of 2,705,000 “flow through” units at $0.07 per “flow through” unit for total proceeds of $189,350.
Each unit comprises one common share issued on a “flow through” basis and a share purchase warrant entitling the holder to purchase an additional share in the Company for $0.075 a share if exercised on or before June 23, 2020. Securities will bear legends restricting resale until April 24, 2020.
The Company will use the proceeds from the private placement for qualifying exploration expenditures.
There were no finder’s fees paid with respect to the “flow through” tranche of the private placement.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia and is earning a 100% option on the Z2 Zeolite Property near Falkland, BC.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
[email protected]
www.progressiveplanet.ca
Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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A Culture of Innovation
Our world-class scientific team are producing and commercializing innovative products and tech dedicated to tackling the global challenges of climate change.
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Specialists in customizing products
Through toll processing services and private labelling, we’ve custom-made products for many of the biggest names in the industry.
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- About
A Culture of Innovation
Our world-class scientific team are producing and commercializing innovative products and tech dedicated to tackling the global challenges of climate change.
- Sectors
Specialists in customizing products
Through toll processing services and private labelling, we’ve custom-made products for many of the biggest names in the industry.
- C-Quester Centre™
- Investors
Latest Investor News
Progressive Planet continues share buyback program
25 September, 2024531,000 shares purchased at below book value in August 2024 2,039,000 shares repurchased from June... - Products
- Contact