Tuesday, May 12, 2020 6:50:01 PM
Each unit comprises one common share and one-half of a share purchase warrant, with each whole entitling the holder to purchase an additional common share of the Company for $0.05 a share on or before May 12th, 2021. The Company may accelerate the expiry date of the 3,392,000 Warrants by giving written notice to the holders thereof, and in such event the Warrants will expire on the 30th day after the date of such notice. Securities will bear legends restricting resale until September 13th, 2020.
The Company will use the proceeds from private placement for general working capital, equipment procurement and to repay unsecured indebtedness owing by the Company to David Richardson, a controlling shareholder of the Company. See the Company's news release dated April 23, 2020 for further details.
Insiders purchased an aggregate of 4,134,000 units totaling $124,020. There were no finder's fees paid with respect to the private placement.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% interest on the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in Heffley Creek Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC.
Recent PLAN News
- Progressive Planet announces annual financial results • PR Newswire (Canada) • 08/28/2024 03:48:00 PM
- Progressive Planet continues share buyback program and provides corporate update • PR Newswire (Canada) • 08/07/2024 11:30:00 AM
- Progressive Planet share buyback starts strong, building long-term shareholder value • PR Newswire (Canada) • 07/11/2024 11:30:00 AM
- Progressive Planet Announces Normal Course Issuer Bid • PR Newswire (Canada) • 06/04/2024 11:30:00 AM
- Progressive Planet Announces Superb 28 Day Compressive Strength for New Low Carbon Cement • PR Newswire (Canada) • 05/02/2024 11:00:00 AM
- Progressive Planet Announces Superb Compressive Strength for New Low Carbon Cement • PR Newswire (Canada) • 04/11/2024 11:00:00 AM
- Progressive Planet Announces Issuance of Stock Options • PR Newswire (Canada) • 03/14/2024 09:33:00 PM
- Progressive Planet Announces Record Net Income for Q3 • PR Newswire (Canada) • 03/08/2024 07:41:00 PM
- Progressive Planet Provides Corporate Update on Cement and Fertilizer Innovation • PR Newswire (Canada) • 02/23/2024 01:30:00 PM
- Progressive Planet Completes Sale of Equipment to CarbonIP • PR Newswire (Canada) • 02/20/2024 01:30:00 PM
- Progressive Planet Announces Change of Senior Management • PR Newswire (Canada) • 02/15/2024 01:30:00 PM
- Progressive Planet Obtains up to $0.37M in Funding from NGEN for PozGlass™ 100G Pilot Plant • PR Newswire (Canada) • 02/08/2024 01:30:00 PM
- Progressive Planet Signs First Agreement for Continuing Royalty on Existing IP • PR Newswire (Canada) • 02/07/2024 01:30:00 PM
- Progressive Planet Provides Corporate Update for Fiscal Q3 2024 • PR Newswire (Canada) • 02/01/2024 01:30:00 PM
- Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 2024 • PR Newswire (Canada) • 12/06/2023 03:09:00 PM
- Bromley Creek Quarry Receives New 5-Year Permit • PR Newswire (Canada) • 11/27/2023 01:30:00 PM
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- Progressive Planet Provides Operational Update • PR Newswire (Canada) • 10/30/2023 12:30:00 PM
- Progressive Planet Launches New Soil Conditioner Product to Further Reduce Chemical Fertilizer Application • PR Newswire (Canada) • 10/06/2023 12:30:00 PM
- Progressive Planet Reports Financial Results for Fiscal Q1 2024 • PR Newswire (Canada) • 09/25/2023 05:47:00 PM
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