22:00:33 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Plymouth Rock Technologies Inc
Symbol PRT
Shares Issued 92,997,461
Close 2023-07-24 C$ 0.065
Market Cap C$ 6,044,835
Recent Sedar Documents

Plymouth Rock closes $594,420 first tranche financing

2023-07-24 18:50 ET - News Release

Mr. Philip Lancaster reports

PLYMOUTH ROCK ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING

Plymouth Rock Technologies Inc. has completed a first tranche its previously announced non-brokered private placement by the issuance of 9,907,000 units at a price of six cents per unit for aggregate gross proceeds of $594,420. Each unit consists of one common share and one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 10 cents for five years from closing of the offering.

Finders' fees in the aggregate of $59,442.00 and 990,700 finders' B warrants were paid on a portion of the offering. Each finder's B warrant entitles the holder to purchase one additional common share at a price of 10 cents for five years from closing of the offering.

The units, common shares, share purchase warrants, finders' B warrants and shares issued upon exercise of the share purchase warrants and / or the finders' B warrants are subject to a four-month hold period, expiring Nov. 25, 2023.

The net proceeds of the private placement will be used for working capital and business development.

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, stand-alone power source; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and takeoff.

We seek Safe Harbor.

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