Power Group Closes Private Placement
POWER GROUP CLOSES PRIVATE PLACEMENT
June 19, 2025 – Vancouver, BC - Power Group Project s Corp. (TSXV: PGP) (the "Company ") is
pleased to announce that it has closed its previous ly announced non-brokered private placement (the
“Financing ”) for gross proceeds of $100,000 from the sale of 5,000,000 units of the Company (each, a
“Unit ”) at a price of $0.02 per Unit.
Each Unit consists of one common share of the Issuer (a “ Share ”) and one common share purchase warrant
(a “ Warrant ”). Each Warrant entitles the Subscriber to purcha se one additional common share of the
Issuer (a “ Warrant Share ”) at a price of $0.05 per Warrant Share at any time on of before June 19, 2029.
No commissions or fees were paid in connection with closing the first tranche.
The Units are subject to a 4 month and one day hold period from the date of issue. The Company intends
to use 60% of the proceeds from the Financing to pay the Company’s auditors for the previous year’s audit
and the current year’s audit, 10% of the proceeds f or general expenses and administration and 30% of t he
proceeds for project evaluation and related legal fees.
For further information, please contact:
Scott Hayduk
Director
Tel: (403) 819-9756
Email: [email protected]
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.
Forward-Looking Statements
Statements in this release may contain forward-looking information. Any statements in this press release that are not statements of
historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as
“may”, “should”, “would”, “anticipate”, “expects”, and similar expressions. The reader is cautioned th at assumptions used in
the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many
of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by management at the time of preparation , may prove to be
incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are
made as of the date of this press release. The Company does not undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a r esult of new information, future events or otherwis e, except as required by
securities law.