Progressive Planet Solutions Inc. announced a non brokered private placement of 4,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 1,000,000 on April 14, 2023. Each unit will be comprised of one common share and one share purchase warrant with each warrant exercisable at CAD 0.25 per share for a period of 1 year from issuance, subject to acceleration if common shares trade at over CAD 0.35 per share for a period of ten trading days or more after the four month. A cash finder's fee of 5% and 10% broker warrants will be offered to brokers who bring accredited investors to the financing. Insiders have indicated they will
participate in at least 45% of the financing ($450,000) and Progressive Planet employees have also indicated that they will participate in approximately 10 per cent of the offering ($100,000). Completion of the Offering is subject to receiving all necessary regulatory approval and TSXV. The transaction is expected to close on April 30, 2023.