Planet Ventures Announces Up To $5 Million Life Offering Of Common Shares

Executive Summary

• Planet Ventures Inc. announced a non‑brokered private placement of up to 100 million common shares at $0.05 per share, targeting gross proceeds of up to $5 million.
• The offering is being conducted under the listed issuer financing exemption (NI 45‑106) for Canadian investors (excluding Quebec).
• Net proceeds are intended for future investments and general working capital.

Key Details

• Offering Size: Up to 100,000,000 common shares.
• Price per Share: $0.05 CAD.
• Maximum Gross Proceeds: $5,000,000 CAD.
• Exemption Used: Listed issuer financing exemption under Part 5A of NI 45‑106 (LIFE Exemption).
• Eligibility: Purchasers resident in Canadian provinces except Quebec; shares not subject to a hold period.
• Closing: Expected “as soon as practicable,” may occur in one or more tranches, subject to required approvals and conditions.
• Use of Proceeds: Future investments and general working capital.
• Finder’s Fee: Company may pay eligible arm‑length finders per CSE policies.
• Regulatory Notice: Offering not an offer/sale in the United States; securities not registered under the U.S. Securities Act of 1933.

Notable Quotes

(No direct quotes were provided in the release.)