P&P Ventures Inc. announced that the company is undergoing a restructuring. Two of the directors of the company, Xiao Qin (Mary) Ma and Hong Ridley, have stepped down to pursue other opportunities, and Richard Grayston and Marco Parente have been appointed directors in their stead, subject to TSX Venture Exchange approval. Michael Woods has also stepped down as CEO of the company and Richard Grayston has been appointed CEO in his place and stead.

Michael Woods will continue as a director and CFO.