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Plymouth Rock Technologies (CSE:PRT) announces $1.5 million private placement

Technology, The Market Online Deal Room
CSE:PRT
23 February 2023 08:30 (EST)

Plymouth Rock Technologies (PRT) has announced a non-brokered private placement financing of gross proceeds of up to C$1,500,000.

The company will offer up to 30,000,000 units of securities at a price of $0.05 per unit.

Each unit will consist of one common share and one full transferable common share purchase warrant.

Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.10 for three years from the closing of the offering.

All securities issued in the private placement will be subject to a statutory four-month hold period.

Finders’ fees may be payable on a portion of the offering at the discretion of the company.

The company intends to use the net proceeds of the private placement for the commercialization of its technologies, working capital and debt settlement.

Plymouth Rock Technologies Inc. designs and manufactures purpose-built multirotor UAS (unmanned aerial system) utilizing artificial intelligence, cutting-edge sensors, and the latest dual-camera modules as standard, offering thermal capabilities alongside high-definition real-time air-to-ground streaming, with the ability to mount multiple, various sensors, modules, and payloads.

Plymouth Rock Technologies Inc. (PRT) opened trading at $0.065 per share.


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