03:01:01 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Plymouth Rock Technologies Inc
Symbol PRT
Shares Issued 92,997,461
Close 2023-05-30 C$ 0.08
Market Cap C$ 7,439,797
Recent Sedar Documents

Plymouth Rock to settle $169,000 debt with shares

2023-05-30 16:33 ET - News Release

Mr. Douglas Smith reports

PLYMOUTH ROCK ANNOUNCES DEBT SETTLEMENT AND BOARD OF DIRECTOR CHANGES

Plymouth Rock Technologies Inc. intends to issue 2.6 million common shares at a deemed price of 6.5 cents per common share to settle $169,000 of debt due to Canaccord Genuity Corp. for advisory services. The shares issued to complete the settlement of debt will not result in a change of control. Upon completion of the issuance, the company will have 95,597,461 common shares issued and outstanding.

Furthermore, the company announces the resignation of director Dana Wheeler and has appointed Alan Treddenick as a new director to the board. Mr. Treddenick is the chief executive officer of ATNOH Group, a global public safety and risk consultancy. Prior to founding the company, Mr. Treddenick spent 32 years with the Canadian Security Intelligence Service (CSIS) and the Royal Canadian Mounted Police (RCMP), involved in extensive counterterrorism Humint operations within Canada and abroad. Upon retiring from government service, Mr. Treddenick joined BlackBerry's government relations division and established a team to lead BlackBerry's strategic relationships with law enforcement, intelligence and security agencies around the globe on national security, sensitive criminal investigations and other regulatory issues focused on lawful access and market access concerns. Mr. Treddenick is a graduate of Queen's University, the RCMP Training Academy and the Canadian Police College.

"The company and the board would like to thank Dana for all his contributions to Plymouth Rock Technologies since launch back in 2016 and wish him much success in his new endeavours," shared Douglas Smith, chairman of Plymouth Rock Technologies. "We're also excited to welcome Alan Treddenick to the board of directors and look forward to his expertise in moving the business forward."

About Plymouth Rock Technologies Inc.

Plymouth Rock Technologies is an innovative UAV (unmanned aerial vehicle) drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include: (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning; new, innovative sensor payloads; and stand-alone power source; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and takeoff.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.