Progressive Planet Announces Non-Brokered Private Placement

Vancouver, January 25, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce a non-brokered private placement offering of up to 7,000,000 units (“Units”), at $0.20 per unit, for total gross proceeds of up to $1,400,000.

Each Unit will consist of one common share and one share purchase warrant (a “Warrant”) entitling the holder to purchase an additional common share for $0.25 per share for a period of two years. In the event the closing price (or closing bid, if no sales were reported on a trading day) of the Company’s common shares as quoted on TSX Venture Exchange (or such other securities exchange, quotation system or market on which the common shares are listed and where a majority of the trading volume of the common shares occurs) exceeds $0.30 per share for a price of ten consecutive trading days, the Company may, within five days of such event, provide notice by way of news release of early expiry, in which event the warrants will expire 30 days from the date of such news release.
The proceeds of the private placement will be used for general working capital. Countryman Investments Ltd., a company of which David Richardson is the principal, intends to subscribe for 500,000 units in this placement.  Mr. Richardson is a “control person” of the Company by reason of holding, directly and indirectly, more than 20% of the Company’s current issued and outstanding shares.
Eligible finders may receive up to a 5% cash finder’s fee and up to 10% finder’s fee warrants.  Each finder’s fee warrant will entitle the holder to purchase a common share of the Company at an exercise price equal to $0.20 per share for a period of two years.
All securities issued under the financing will be subject to a statutory four month hold period.
 
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
For further information or investor relations inquiries, please contact us:
 
1-800-910-3072
[email protected]
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
[email protected]
 
Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Progressive Planet Advances PozGlass SCM Testing

Vancouver, January 25, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), announces that it has engaged C&CS Atlantic Inc. to complete  testing required to commercially launch PozGlass SCM. The principal of C&CS Atlantic is Dr. Michael Thomas.
In 2020, the University of Alberta conducted an initial set of tests on the company’s Natural Pozzolan Blend, which showed superior qualities to fly ash as a supplementary cementing material. Due to COVID-19, the U of A was only able to complete some of the necessary tests.
The additional testing will be conducted in two phases with phase one expected to be completed by the end of April 2021 and phase two in the third quarter of 2021.
Subject to a successful completion of the additional tests such as compressive strength and alkali-silica reactivity, management will move to a full-scale commercial roll-out of the PozGlass SCM product. PozGlass SCM combines natural pozzolan, recycled, post-consumer glass, and proprietary formulations and processes. The objective is to displace fly ash, a by-product of burning coal for electricity generation, with an environmentally friendly product that creates enhanced properties in ready mix and pre-cast concrete.
Michael Thomas is a Professor in the Department of Civil Engineering at the University of New Brunswick (UNB), Canada, and a registered Professional Engineer in the province of New Brunswick. Michael has been working in the field of cement and concrete research since 1983.
Prior to joining UNB in 2002, Michael had been on faculty at the University of Toronto since 1994, and previous to this, he worked as a concrete materials engineer with Ontario Hydro in Canada (1991-93) and as a research fellow with the Building Research Establishment in the UK (1986-1991).
Dr. Thomas’s main research interests are concrete durability and the use of industrial by-products including pozzolans and slag. Dr. Thomas has authored more than 200 technical papers and reports including the book “Supplementary Cementing Materials in Concrete”.
Dr. Thomas is active on technical committees within the American Concrete Institute (ACI), ASTM, RILEM, and the Canadian Standards Association (Awarded Order of Merit in 2010). He was a recipient of the ACI’s Wason Medal for Materials Research in 1997, 2009 and 2014, the ACI Construction Practice Award in 2001 and was elected to a Fellow of the Institute in 2006.
“PLAN is excited to commence a working relationship with C&CS Atlantic and Dr. Thomas. As we continue to build our team, we are focused on procuring world class talent. We are also proud to use Canadian expertise wherever possible,” stated Steve Harpur, CEO.
In addition to conducting tests on pozzolans owned by PLAN, the testing regimen includes testing additional pozzolans which PLAN is evaluating for potential future use.
 
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
For further information or investor relations inquiries, please contact us:
1-800-910-3072
[email protected]
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
[email protected]
 
 
Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.