17:58:53 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Planet Ventures Inc (2)
Symbol PXI
Shares Issued 110,625,672
Close 2024-02-01 C$ 0.02
Market Cap C$ 2,212,513
Recent Sedar Documents

Planet Ventures acquires 2.7 million units of Tisdale

2024-02-02 10:54 ET - News Release

Mr. Etienne Moshevich reports

PLANET VENTURES INC. ANNOUNCES FILING OF EARLY WARNING REPORT

On Feb. 1, 2024, Planet Ventures Inc. acquired 2,777,778 units of Tisdale Clean Energy Corp., a corporation with its head office located at 885 West Georgia St., suite 2200, Vancouver, B.C., V6C 3E8, at a price of 18 cents per unit, for an aggregate purchase price of $500,000.04. Each unit comprises one common share in the capital of Tisdale and one share purchase warrant entitling the holder thereof to acquire one additional share at a price of 30 cents for a period of 24 months from the date of issuance.

The company acquired the units pursuant to the second tranche of Tisdale's non-brokered private placement of units. In connection with the completion of the second tranche of the offering, Tisdale issued 6,362,216 units at a price of 18 cents per unit for aggregate gross proceeds of $1,145,199.

Prior to the acquisition, the company held 1,111,111 units acquired through the first tranche of the offering, representing 4.83 per cent of the issued and outstanding shares on an undiluted basis and 9.66 per cent of the issued and outstanding shares on a partially diluted basis (based on an aggregate of 22,993,362 shares issued and outstanding). Following the acquisition, the company holds an aggregate of 3,888,889 units, representing 13.25 per cent of the issued and outstanding shares on an undiluted basis and 26.5 per cent of the issued and outstanding shares on a partially diluted basis (based on an aggregate of 29,355,578 Shares issued and outstanding).

The company acquired the units for investment purposes. In pursuing such purposes, the company reserves the right to formulate other plans or make other proposals and take such actions deemed necessary with respect to its investment in Tisdale. Depending on market conditions and other factors, the company may, from time to time, increase or decrease its beneficial ownership of the securities of Tisdale as deemed appropriate.

This news release is being issued in connection with the filing of an early warning report pursuant to the requirements of National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Instrument 62-104 -- Take-Over Bids and Issuer Bids. A copy of the early warning report will be filed under the company's profile on SEDAR+ and may also be obtained by contacting Etienne Moshevich, chief executive officer of the company, at info@planetventures.com or 604-681-0084.

About Planet Ventures Inc.

Planet Ventures is an investment issuer listed on the TSX Venture Exchange that is focused on investing in disruptive companies and industries that have high-growth potential. Planet Ventures' unique portfolio-driven investment policies provide its investors with access to emerging and high-growth opportunities while shielding them from any formidable downside.

We seek Safe Harbor.

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