PGR.CN · Company Website ·
Planet Green Announces Flow-through and a Non Flow-through Equity Raise
Vancouver, British Columbia – Planet Green Metals Inc. (CSE: PGR) (“Planet Green” or the “Company”) is pleased to announce that it has arranged, subject to the acceptance of the Canadian Securities Exchange, a non-brokered flow-through private placement (“FT Offering”) of up to 4,000,000 Shares for gross proceeds of up to $480,000, and a non-brokered working capital (“WC Offering”) private placement of up to 3,500,000 Units for gross proceeds of $350,000.
Each Flow-through Unit will consist of one flow-through common share priced at $0.12 per share.
Each Working Capital Unit will consist of one common share, priced at $0.10, and one (1) common share purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to purchase one common share (a “WC Warrant Share”) at a price of $0.20 per WC Warrant Share for a period of 12 months from Closing. Finders’ fees may be paid on the Offering pursuant to the policies of the CSE.
The net proceeds of the Offering will be used to advance exploration activities at the Marion and Sheraton properties as well as data compilation on the Company’s other projects. Funds raised through the WC Offering will be used for general working capital.
All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.
Notice Regarding Forward-Looking Statements
This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. This news release does not imply that The Prospectors and Developers Association of Canada has in any way approved the companies that are named in this release.