04:11:41 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Planet Ventures Inc (2)
Symbol PXI
Shares Issued 204,126,672
Close 2025-08-19 C$ 0.065
Market Cap C$ 13,268,234
Recent Sedar+ Documents

Planet Ventures CEO acquires 12% convertible debenture

2025-08-19 16:41 ET - News Release

Subject: Transcend Capital Inc. - Press Release/News Attached for Distribution on Stockwatch.com PDF Document

File: Attachment News Release Announcing Filing of Early Warning Report for E. Moshevich and Transcend.pdf

EARLY WARNING REPORT FILED PURSUANT TO NATIONAL INSTRUMENT 62-103

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR DISSEMINATION IN THE UNITED STATES

August 19, 2025 VANCOUVER, BRITISH COLUMBIA This press release is related to the securities of Planet Ventures Inc. ("Planet" or the "Company"). Mr. Etienne Moshevich, Chief Executive Officer of the Company, announces the filing of an early warning report (the "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 ("NI 62-103") and National Instrument 62-104 Take-Over Bids and Issuer Bids ("NI 62-104") pursuant to a recent acquisition, indirectly through Transcend Capital Inc. ("Transcend Capital") of a 12% secured convertible debenture (the "Debenture") in the principal amount of $3,200,000, maturing on August 19, 2027 (the "Maturity Date") pursuant to a non-brokered private placement (the "Transaction") of the Company. The principal amount of the Debenture is convertible into common shares (the "Shares") of the Company at the option of Transcend Capital any time prior to the Maturity Date at a conversion price of $0.50 per Share.

Transcend Capital, a corporation incorporated pursuant to the laws of British Columbia, with its head office located at 750 West Pender Street, Suite 303, Vancouver, British Columbia, V6C 2T7, is controlled by Mr. E. Moshevich. Transcend Capital is an investment firm specializing in venture capital investments and advisory services.

Prior to the Transaction, Mr. E. Moshevich held an aggregate of 67,932,000 Shares through Transcend Capital, representing approximately 33.28% of the issued and outstanding Shares on an undiluted and diluted basis (based on an aggregate of 204,126,672 Shares issued and outstanding).

Following the Transaction, Mr. E. Moshevich holds an aggregate of 67,932,000 Shares through Transcend Capital, representing approximately 33.28% of the issued and outstanding Shares on an undiluted basis and 74,332,000 Shares through Transcend Capital, representing approximately 36.41% of the issued and outstanding Shares on a diluted basis (based on an aggregate of 204,126,672 Shares issued and outstanding).

The acquisition of the Debenture by Transcend Capital was made in reliance on the "private agreement exemption" from the formal take-over bid provisions of NI 62-104, as outlined in Section 4.2 of Part 4 of NI 62-104. More specifically, (a) the acquisitions were made from not more than five (5) persons in the aggregate, including persons located outside the local jurisdiction; (b) the bid was not made generally to security holders of the class of Shares; and (c) the value of the consideration paid for the Shares, including brokerage fees or commissions, was not greater than 115% of the market price of the Shares at the date of the acquisition as determined in accordance with Section 1.11 of NI 62-104.

Mr. E. Moshevich acquired the Debenture for investment purposes. In pursuing such purposes, Mr. E. Moshevich reserves the right to formulate other plans or make other proposals and take such actions deemed necessary with respect to his investment in the Company. Depending on the market conditions and other factors, Mr. E. Moshevich may, from time to time, increase or decrease his beneficial ownership of the securities of the Company as deemed appropriate.

This news release is being issued in connection with the filing of the Early Warning Report pursuant to the requirements of NI 62-103 and NI 62-104. A copy of the Early Warning Report will be filed under the Company's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting: Etienne Moshevich at (604) 681-0084.

The Company's head office is located at 750 West Pender Street, Suite 303, Vancouver, British Columbia, V6C 2T7.

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