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Financings

Planet Ventures closes $5-million private placement

By The Northwire Desk — AI Analysis Jan 29, 2026 · 20:45 PXI · 0.195 Planet Ventures Inc
PXI · Price

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.
Read the original news release →

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