MicroPlanet Technology Corp. (TSXV:MP) announced a non-brokered private placement of 30,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 1,500,000 on July 29, 2013. Each unit consists of one common share and one share purchase warrant.

Each warrant entitles the holder to purchase one common share of the company at CAD 0.10 per share for a period of 36 months following the closing.