Planet Ventures closes $5-million private placement

Executive Summary

• Planet Ventures Inc. has closed a non-brokered private placement of 100 million common shares under the Listed Issuer Financing (LIFE) exemption.
• The shares were sold at $0.05 per share, generating gross proceeds of $5,000,000.
• The net proceeds will be utilized for future investments and general working capital.

Key Details

• Transaction Type: Non-brokered private placement under the Listed Issuer Financing (LIFE) exemption (National Instrument 45-106, Part 5A).
• Quantity: 100,000,000 common shares.
• Price: $0.05 per share.
• Gross Proceeds: $5,000,000.
• Hold Period: The shares are not subject to a statutory hold period under applicable Canadian securities laws.
• Jurisdiction: Available to purchasers resident in each province of Canada, except Quebec.
• Use of Proceeds: Future investments and general working capital.
• Documentation: An offering document is available under the company's profile on SEDAR+ and on the company's website.