/NOT FOR DISTRIBUTION IN THE USA/
849,500 shares purchased at below book value in June
KAMLOOPS, BC, July 11,
2024 /CNW/ - Progressive Planet Solutions Inc. (TSXV:
PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the
"Company"), a leader in developing CleanTech solutions for the
planet, announces the results for the first month of actively
utilizing its normal course issuer bid (the "NCIB").
On June 3, 2024, Progressive
Planet announced that the TSX Venture Exchange had accepted its
notice to proceed with a normal course issuer bid.
During the month of June, the Company purchased 849,500 shares
for cancellation. The average purchase price was $0.100088 per share.
"In June, we completed our first month of buying back shares
using the approved normal course issuer bid program. With the
long-term goal of growing shareholder value, we view the ability to
buy back shares from voluntary sellers at below book value per
share as adding value to the remaining shareholders. This month's
activities reflect leadership's confidence in Progressive Planet's
present and future," stated Steve
Harpur, CEO.
Progressive Planet provides regular information for investors on
its website: progressiveplanet.com/investors/. This includes
press releases and other information about financial performance,
patents filed, and information on corporate governance.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
About Progressive Planet:
Progressive Planet Solutions, a CleanTech and manufacturing
company operating out of Kamloops,
British Columbia, is reimagining what's possible when we
prioritize our planet's health. Our expertise lies in
developing critical low-carbon and carbon sequestering solutions
using our owned mineral assets and recycled materials to create
planet-friendly products that fight climate change and protect our
planet's health.
Our C-Quester™ Centre of Sustainable Solutions is proudly
disrupting the cement, agricultural and animal care industries with
our low-carbon and CO2 sequestering efforts. Our products are
developed with the express intent of reducing carbon footprints and
improving soil health, using naturally occurring minerals and
recycled materials, and can be found in over 10,000 retail stores
across North America.
Forward-Looking Statements:
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the matters described herein including statements regarding the
NCIB and the repurchases thereunder as well as the effect of those
repurchases, statements regarding the future of the Bromley Creek
Zeolite Mine and statements regarding the development of future
products. Forward-looking statements consist of statements that are
not purely historical, including any statements regarding beliefs,
plans, expectations, or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause
actual results, performance, or developments to differ materially
from those contained in the statements. No assurance can be given
that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of
the date of this news release.
Disclaimer:
This news release, required by Canadian laws, does not
constitute an offer of securities and is not for distribution or
dissemination outside Canada.
SOURCE Progressive Planet Solutions Inc.