Planet Green arranges private placements

Oct 1, 2024

2024-10-01 18:51 ET – News Release

Mr. Jeremy Brett reports

PLANET GREEN ANNOUNCES FLOW-THROUGH AND A NON FLOW-THROUGH EQUITY RAISE

Planet Green Metals Inc. has arranged, subject to the acceptance of the Canadian Securities Exchange, a non-brokered flow-through private placement (FT offering) of up to four million shares for gross proceeds of up to $480,000, and a non-brokered working capital (WC offering) private placement of up to 3.5 million units for gross proceeds of $350,000.

Each flow-through unit will consist of one flow-through common share priced at 12 cents per share.

Each working capital unit will consist of one common share, priced at 10 cents, and one common share purchase warrant. Each WC warrant entitles the holder to purchase one common share at a price of 20 cents per WC warrant share for a period of 12 months from closing. Finders’ fees may be paid on the offering pursuant to the policies of the Canadian Securities Exchange.

The net proceeds of the offering will be used to advance exploration activities at the Marion and Sheraton properties as well as data compilation on the company’s other projects. Funds raised through the WC offering will be used for general working capital.

All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.

About Planet Green Metals Inc.

Planet Green is strategically building a premier Canadian critical mineral assets company, leveraging its expertise to acquire high-quality, derisked mineral exploration and royalty properties. The company currently holds six exploration properties in Northwestern Ontario, covering copper, gold, lithium and VMS-related base metals. Planet Green is actively pursuing the acquisition of promising new projects in Canada and North America to bolster the project portfolio and provide shareholders with a diversified commodity base that is resilient to price fluctuations and market forces. With a robust and integrated technical and corporate team, the company is dedicated to maximizing shareholder value through new mineral discoveries in mining-friendly jurisdictions.

We seek Safe Harbor.

https://planetgreenmetals.com/