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Plymouth Rock Technologies Inc
Symbol PRT
Shares Issued 92,997,461
Close 2023-05-30 C$ 0.08
Market Cap C$ 7,439,797
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ORIGINAL: Plymouth Rock Announces Debt Settlement and Board of Director Changes

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

(via TheNewswire)

Plymouth Rock Technologies Inc.
   

Vancouver, BC - TheNewswire - May 30, 2023 - Plymouth Rock Technologies Inc. (CSE:PRT ) (OTC:PLRTF ) (Frankfurt: XA ) ( WKN#A2N8RH) (“Plymouth Rock ”, “PRT ”, or the “Company ”), announces the Company intends to issue 2,600,000 Common Shares at a deemed price of $.065 CDN per Common Share, to settle $169,000 CDN 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. Alan is the CEO of ATNOH Group, a Global Public Safety and Risk Consultancy. Prior to founding the company Alan spent 32 years with the Canadian Security Intelligence Service (CSIS) and the Royal Canadian Mounted Police (RCMP), involved in extensive counter terrorism HUMINT operations within Canada and abroad.  Upon retiring from government service, Alan 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 crimin al investigations, and other regulatory issues focused on lawful access and market access concerns.  Alan 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 (PRT) is an innovative UAV 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.

 

www.plyrotech.com

 

ON BEHALF OF THE BOARD OF DIRECTORS


Philip Lancaster, CEO
+1 (250) 863-3038

phil@plyrotech.com

  

Forward Looking Statements

 

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

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