/NOT FOR DISTRIBUTION IN THE USA/
- 531,000 shares purchased at below book value in August 2024
- 2,039,000 shares repurchased from June to August 2024
- All purchased shares have been cancelled
KAMLOOPS, BC, Sept. 25,
2024 /CNW/ - Progressive Planet Solutions Inc.
(TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN",
or the "Company") reports on its third month of the normal
course issuer bid (the "NCIB") activity.
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 August, the Company purchased 531,000 shares
for cancellation, at an average purchase price of $ 0.0904 per share.
"In August, we continued buying back shares using the approved
normal course issuer bid program. Since the NCIB commenced in
June 2024, we have bought back over
two million shares. The ability to buy back shares from voluntary
sellers at below book value per share continues to add value to the
remaining shareholders," stated Steve
Harpur, CEO. "August's continued buyback activities reflect
leadership's confidence in Progressive Planet's present and
future."
With the cancellation of the 2,039,000 shares, the total shares
outstanding now stands at 110,457,943.
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, a manufacturing company operating out of
Kamloops, British Columbia, is
reimagining what is possible when we prioritize our planet's
health. Our expertise lies in developing products using our owned
mineral assets and recycled materials to create Products for a
Healthy Planet™.
Our C-Quester™ Centre of Sustainable Solutions is proudly
disrupting the cement industry and is home to our cement lab. Our
second lab on site is geared towards developing products for the
agricultural and animal care industries. Our product lines include
patented and patent pending products which are developed with the
express intent of promoting a healthy planet using naturally
occurring minerals and the urban mining of recycled materials. Our
products are 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.
