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Progressive Planet arranges funding of up to $275,000

The company said funds will be used for general corporate purposes and for continued product research and development

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Progressive Planet is a Canadian based mineral exploration company with a zeolite mine in British Columbia

Progressive Planet Solutions Inc (CVE:PLAN) said Thursday it has arranged a non-brokered private placement of up to 5.5 million units at a price of C$0.05 per unit for aggregate gross proceeds of C$275,000.

The company said funds will be used for general corporate purposes and for continued product research and development.

Progressive Planet is a Canadian based mineral exploration company with a zeolite mine in British Columbia.

READ: Progressive Planet Solutions boosts board with new appointment

Each unit is comprised of one common share plus one common share purchase warrant of the company, with each warrant entitling the holder to purchase one share at a price of C$0.06 per warrant share for a period of one year from the closing date.

Shares of Progressive Planet were at C$0.04 on Thursday. 

Quick facts: Progressive Planet Solutions Inc

Price: 0.055 CAD

TSX-V:PLAN
Market: TSX-V
Market Cap: $1.85 m
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Full interview: Progressive Planet receives technical milestone for...

Progressive Planet (CVE: PLAN) CEO Stephen Harpur joins Steve Darling from Proactive Vancouver with a major step forward for the company as they were able to modify the rheology of its zeolite so that it possessed similar rheology to commercially available fly ash. Harpur tells Proactive what...

on 23/4/20

2 min read