Planet Ventures Announces Proposed Share Consolidation

Executive Summary

• Planet Ventures Inc. announced its intention to consolidate common shares on a 2‑for‑1 basis, reducing the share count from ~304 M to ~152 M.
• The consolidation has been approved by the board and awaits approval from the Canadian Securities Exchange before becoming effective.
• No change to the company’s name is planned; a follow‑up release will disclose the effective date once exchange approval is received.

Key Details

• Consolidation ratio: 2 pre‑consolidation Common Shares → 1 post‑consolidation Common Share.
• Current outstanding shares: 304,126,672.
• Projected post‑consolidation shares: approximately 152,063,336 (subject to rounding for fractional shares).
• Board approval has been obtained; pending CSE approval.
• The company will issue a subsequent news release announcing the effective date after exchange approval.
• No corporate name change is associated with this consolidation.

Notable Quotes

(No direct quotes were provided in the release.)