Planet Green Metals reprices private placement

Dec 11, 2024

2024-12-10 15:03 ET – News Release

Mr. Jeremy Brett reports

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

Planet Green Metals Inc. has repriced its previously announced (Oct. 1, 2024, news release) non-brokered private placement. The company expects to close the private placement with the next 30 days of this news release.

The private placement consists of a flow-through offering of up to 4.5 million shares for gross proceeds of up to $450,000 and a non-brokered working capital offering private placement of up to 4.25 million units for gross proceeds of $340,000.

Each flow-through unit will consist of one flow-through common share priced at 10 cents per share.

Each working capital unit will consist of one common share, priced at eight cents, and one common share purchase warrant. Each working capital warrant entitles the holder to purchase one common share at a price of 15 cents per working capital warrant share for a period of 24 months from closing. Finders’ fees may be paid on the offering pursuant to the policies of the Canadian Securities Exchange.

The working capital warrants will have an acceleration clause, whereby Planet Green shall have the right to accelerate their expiry if the working capital warrants trade at a price of 20 cents or higher for a period of more then five consecutive trading days.

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 working capital 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 asset company, leveraging its expertise to acquire high-quality, derisked mineral exploration and royalty properties. The company currently holds six exploration properties in Northern Ontario, covering copper, gold, lithium and VMS-related (volcanogenic massive sulphide) 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/