Vancouver, June 23, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the positive accelerated-cure Resistance to Chloride Ion Penetration (RCP) test results for its PozGlass™ SCM product. The Company is focused on delivering economic and eco-friendly solutions for the cement and concrete industry.
Based on the better-than-expected accelerated-cure RCP test results, management believes the market potential for the proprietary formulation and process in the blending of natural pozzolans and recovered post-consumer glass could be larger than originally expected.
Measuring RCP is essential because permeability is a factor in the long-term durability of concrete. Lower permeability results in longer lasting concrete because the metal rebar in the concrete is better protected from outside chemical attack. This is especially important in coastal saltwater environments, where the bulk of the world’s concrete is produced, and applications where de-icing salts are used.
The 28-day accelerated-cure RCP testing was led by Dr. Michael Thomas from C&CS Atlantic. Dr. Thomas is a Professor in the Department of Civil Engineering at the University of New Brunswick (UNB), a registered Professional Engineer in the province of New Brunswick and has been working in the field of cement and concrete research since 1983.
Dr. Thomas’s main research interests include concrete durability and the use of industrial by-products such as pozzolans and slag. He has authored more than 200 technical papers and reports including the book “Supplementary Cementing Materials in Concrete”.
“The 28-day accelerated-cure test results give an indication of the result expected at 91 days with standard curing. As such, the value of 1035 Coulombs at 28 days for the concrete mix with 25% PozGlass SCM indicates excellent performance that should comfortably meet the requirements for a C-1 exposure (1500 Coulombs at 91 days) and possibly C-XL exposure (1000 Coulombs at 91 days),” stated Dr. Thomas. “I am confident that the C-XL requirement would be met easily at a slightly higher replacement (such as 30% PozGlass SCM).”
“The highest durability performance expectations in CSA A23.1 (latest version) are for C-XL concrete, which is structurally reinforced concrete exposed to chlorides or other severe environments with or without freezing and thawing conditions. PozGlass SCM shows the potential to be used for the most demanding C-XL applications and, therefore, greatly reduces the risks for concrete producer’s everyday applications as well,” says Ian Grant, who spent 5 years as a senior executive in the cement and concrete industry prior to becoming PLAN’s VP of Business Development.
The full 91-day RCP test results will be available from Dr. Thomas by end of July 2021. In addition, the 6-month sulphate resistance test results will be completed in early October 2021.
The Company has also received 56-day compressive strength results from Dr. Thomas with strengths performing as expected. PozGlass SCM has climbed to 56.3 MPa at 56 days, while the Portland Cement control was at 59.1 MPa.
“With 25% replacement I would expect the strength to be lower at early age but to see more strength gain with age to the extent that strength parity is eventually reached and the pozzolan mix being superior thereafter. The precise timing of this depends mainly on the properties of the pozzolan and temperature,” says Dr. Thomas. “Achieving near strength parity at 56 days is quite typical of many pozzolans.”
PLAN is using the information gathered in this phase of testing to facilitate early discussions with concrete producers as the company moves towards full-scale commercialization of PozGlass SCM in Western Canada and the Pacific Northwest.
“Our intent with PozGlass SCM is to radically reduce the carbon footprint of cement. When concrete lasts longer, less Portland Cement is produced. Longer lasting concrete is a key to reducing CO2 emissions and part of our goal of building a better, cleaner world,” stated Steve Harpur, CEO.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Adds Powerhouse Scientist
Vancouver, June 21 , 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the hiring of Dr. Roger Mah as VP of Research and Development. The Company is focused on developing economic and eco-friendly solutions for the cement and concrete industry.
Roger received his PhD in Chemistry from the University of Calgary specializing in metal-organic framework (MOF) materials for carbon capture applications which included assessing the implementation strengths, weaknesses, and barriers of MOF commercialization. Roger then joined Carbon Management Canada and the Carbon Capture and Conversion Institute as a Mitacs Accelerate Fellow. For two years, he assessed the innovation ecosystem for carbon capture utilization and storage including sequestration in the built environment with companies such as CarbonCure, Carbicrete, and Solidia. He evaluated gaps and barriers for technology developers taking their technologies from lab/bench towards commercialization and step-gates along the technology readiness level ladder.
Roger was previously the CEO of ZoraMat Solutions where he led efforts in commercializing a MOF for carbon capture and received multiple accolades such as the 2018 Mitacs Change Agent Award, the 2019 GreenSTEM fellowship and a 2020 CleanTech Emerging Leader Award. Roger is the co-inventor of a technology from the University of Calgary that is currently being evaluated for commercialization at LafargeHolcim’s cement plant in Richmond, British Columbia.
“We are extremely pleased to welcome Dr. Roger Mah,” stated Steve Harpur, CEO. “Roger combines a unique blend of entrepreneurialism, scientific prowess, and carbon capture utilisation and storage (CCUS) experience. We are excited to add a full-time, in-house scientist to lead our research efforts. Roger’s addition to the team is intended to accelerate our applied research program in carbon sequestration in supplementary cementing materials (SCMs) and Portland Cement.”
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Announces Change of Chief Financial Officer
Vancouver, May 13, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), reports the appointment of Mr. Chris Halsey-Brandt, CPA, CA, CBV as CFO of the Company, replacing Mr. David Cross, CPA, CGA. The Company thanks Mr. Cross for his tenure as CFO since 2018.
Chris is both a Chartered Professional Accountant (CPA) and a Chartered Business Valuator (CBV). Chris currently owns and operates a successful food processing business. Prior to becoming an entrepreneur, Chris was a Partner at Blair Mackay Mynett Valuations Inc., a leading Vancouver-based business valuation firm. During his time at BMM, Chris specialized in the valuation of public and private companies. Chris obtained his CPA designation while articling at PricewaterhouseCoopers LLP in Vancouver.
“I would like to thank Dave Cross for his multiple years as CFO of PLAN. During his tenure, the company grew its pozzolan assets and started producing mineral powders. Dave was always accessible and consistently had our financial filings filed in a timely manner. As the Company grows, the CFO position is becoming more time consuming and we welcome Chris into this role,” stated Steve Harpur, CEO.
“Chris’ experience in valuing businesses will be a key tool as PLAN seeks to grow in the future both organically and through evaluating opportunities to acquire operational pozzolan businesses that include both pozzolan reserves and cash flow. Chris was already involved with PLAN through our Advisory Board and now that Chris is our CFO, he has resigned as an Advisory Board Member,” stated Harpur.
To ensure an orderly transition, Mr. Cross will be retained in a consultancy role until August 1, 2021.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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:
1-800-910-3072
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Achieves Success in Phase 1 PozGlass™ SCM Testing
Vancouver, April 26, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the successful completion of Phase One of a Two Phase test program for its PozGlass™ SCM product. The company is focused on delivering an attractive economic and environmentally advantageous solution to replace fly ash in concrete.
Based on Phase One results, management believes this is achievable using proprietary formulations and processes in the blending of natural pozzolans and recovered post-consumer glass.
Upon successful completion of Phase Two tests, management will move to a full-scale commercial roll-out of the PozGlass SCM product in Western Canada and the Pacific Northwest. The objective is to displace fly ash, a by-product of burning coal for electricity generation, with an environmentally friendly product that also enhances performance in ready mix and pre-cast concrete. Fly ash is the most widely used Supplementary Cementitious Material (SCM) for concrete.
On January 25, 2021, PLAN announced that it had engaged C&CS Atlantic Inc. to complete testing required to commercially launch PozGlass SCM with Phase One testing projected to be completed by the end of April 2021.
Dr. Michael Thomas leads C&CS Atlantic. He is a Professor in the Department of Civil Engineering at the University of New Brunswick (UNB), a registered Professional Engineer in the province of New Brunswick and has been working in the field of cement and concrete research since 1983.
Prior to joining UNB in 2002, Michael was on the faculty at the University of Toronto and prior to 1994, 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. He has authored more than 200 technical papers and reports including the book “Supplementary Cementing Materials in Concrete”.
Phase One testing focused on pin-pointing proprietary formulations that would enhance durability, workability, and usability factors when replacing portions of Portland Cement in concrete. Concrete is routinely produced with between 10-50% replacement of Portland Cement with SCMs such as fly ash.
It is the company’s objective to maximize potential environmental benefits with PozGlass SCM by using a blend of PLAN’s natural pozzolans and a maximum amount of recovered post-consumer glass, while still mitigating Alkali-Silica Reactivity (ASR). Over 70% of post-consumer glass currently goes to landfill. PozGlass SCM diverts this glass from landfill while providing a CO2 offset of nearly 1 tonne for every 1 tonne of PozGlass SCM.
“The biggest hindrances to using 100% ground glass as an SCM are its lower compressive strength compared to other alternatives and its inability to mitigate alkali-silica reactivity in concrete,” stated Steve Harpur, CEO. “The proprietary formulation for PozGlass SCM combines the highest environmental benefits from using a maximum percentage of recovered post-consumer glass while getting a boost of strength and ASR mitigation from our natural pozzolan.”
The graph below shows results attained during ASTM C1567 testing. As you can see, a blend of 25% Ground Glass replacing Portland Cement is not suitable to mitigate ASR as it expands more than 0.10% at 14 days. PozGlass SCM’s proprietary formulation, however, expands less than 0.10% at 14 days– at the same 25% replacement of Portland Cement–and is considered effective for controlling deleterious expansion due to ASR.
“The enhanced performance attributes of PozGlass SCM will allow for it to be utilized on a larger scale by the concrete industry than 100% ground glass, increasing the environmental impact even further” says Ian Grant, Manager of Business Development.
Tests completed in Phase One in determining the ideal recipe included:
- ASTM C618/C311 tests to determine water demand and strength-activity index,
- CSA A23.2-25A tests to determine strength of mortar cubes produced with lime and pozzolan,
- ASTM C1897 R3 bound water tests for determining chemical reactivity of pozzolans,
- ASTM C1567 Alkali-Silica Reactivity (ASR) expansion tests,
- ASTM C441 ASR (Pyrex) tests, and concrete slump trials.
Using the results from the above tests, PLAN has now finalized the recipe of natural pozzolan and post-consumer glass in its PozGlass SCM product and Phase One testing is now complete, ahead of schedule.
Phase Two testing has commenced and focuses on testing concrete durability, including compressive strength, chloride permeability testing (RCP) and sulphate resistance.
RCP testing determines the chemical resistance to chlorides such as de-icing chemicals and salt water. Less permeability also means reinforcing (rebar) is better protected from outside chemical attack, increasing the long-term durability of the reinforcing and thus increasing the life expectancy of the concrete. A lower RCP number is particularly important for concrete produced in coastal cities’ saltwater environments. With testing ahead of schedule, PLAN expects to have in hand the accelerated RCP test results by late May. and the full results by end of July 2021.
General Use (GU) Portland Cement and Portland Limestone Cement (GUL) are not resistant to sulphate attack without the addition of appropriate proportions of an SCM. Resistance to sulphate attack is required in many concrete and precast applications–such as pilings, slabs, walls, septic tanks, storm sewers, etc. that are exposed to sulphate-rich soils, groundwaters, manures, sewage, and/or silage. Successful test results would further increase the market potential for PozGlass SCM. The 6-month sulphate resistance test was commenced ahead of schedule on April 6, 2021 with results available in early October 2021.
In addition, PLAN has kicked-off extensive compressive strength testing on its PozGlass SCM recipe and results will be gathered over the next two months. Full compressive strength testing information will be available in mid-June 2021.
Information gathered in Phase Two will be used to facilitate early-discussions with concrete producers as PLAN moves to full-scale commercialization of PozGlass SCM. The initial target region is Western Canada and the Pacific Northwest with the speed of the roll-out determining timing of expansion into other areas in North America.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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:
1-800-910-3072
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Announces Expanding Processing Capability
Vancouver, April 15, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce it has expanded its comminution plant’s toll processing capacity by a factor of eight times with the addition of a larger ball mill.
Comminution is the reduction of solid materials from one average particle size to a smaller average particle size, by crushing, grinding, cutting, vibrating, or other processes.
On August 14, 2020, PLAN announced that it had completed the design and construction of its comminution plant. The plant was built to enable easy disassembly and has functional capability to size-reduce rocks from 6 inches down to 5 microns. For reference, one inch is equivalent to 25,400 microns.
In January 2021, PLAN ordered a larger ball mill (approximately 8 times the processing volume) to enable it to process more material per hour. This mill was received on March 26, 2021 and has now been commissioned.
PLAN has ordered additional equipment to further automate the processing capability of the comminution plant and further improve processing capacity. This equipment is expected to be received and fully operational in May 2021.
Since mid March 2021, PLAN has received over $250,000 in purchase orders for rock powders from its existing customers and has also received requests for quotes from multiple new potential customers.
Due to the increased demand for our services, PLAN has hired and trained staff and commenced running a full second shift effective April 12, 2021 at the comminution plant.
“We are excited that we could get our new mill manufactured in Canada and to be creating employment, especially when so many businesses are struggling during these unprecedented times. PLAN creates specialized rock powders supplying our B2B customers who then sell the product throughout North America and Europe,” stated Ian Grant, Manager of Business Development.
PLAN is searching for a permanent facility to house its growing comminution business.
“Should one be wondering what the grinding of soft rock powders has to do with the company’s work on developing new technologies for the cement industry, the answer lies in our vision for the future” stated CEO Steve Harpur.
“The current plant provides the company with an opportunity to generate fast revenues from an existing business, but the facility is also going to serve as a testing centre for the development of PozGlass™ SCM.
We believe the demand for pozzolan based cement powders will accelerate as fly ash is no longer generated from combusting coal. We are also seeing tremendous demand to toll process minerals as farmers switch away from chemical fertilizers to natural fertilizers. The purchase orders we received in the last month greatly exceed the tonnage of material processed since we opened our comminution plant last August and we are using the same equipment we use to process natural pozzolans and pulverized post-consumer glass” stated Harpur.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Announces Important Appointment
Vancouver, March 02, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the appointment of Dr. Greg Silverberg to its research team.
‘This appointment is the latest move we have made to beef up our team of scientists working on projects relating to sequestering CO2 in concrete’ says CEO, Stephen Harpur. ‘Greg earned his PhD in Materials Science at Harvard University and has an undergrad degree in Chemical Engineering from Brown University. Greg has a keen interest in developing sustainable building materials and will help guide Progressive Planet as it takes on related product development initiatives to decarbonize the production of cement.’ This appointment is part-time in nature, and Greg remains in his existing role with his current employer.
Progressive Planet now has three highly skilled professionals under contract to work on developing the next generation of cement products which focus on reducing its carbon footprint. These professionals include Dr. Greg Silverberg, Dr. Chad Vecitis, and Dr. Doug Brown.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Announces Issuance of Stock Options
Vancouver, February 25, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce that it has granted 4,150,000 stock options.
The stock options include 3 million options issued to directors, officers, and insiders, exercisable at $0.39 per share for 3 years. In addition, 1,150,000 options were issued to consultants and advisers, exercisable at $0.39 for a period of 2 years. The options have been granted in accordance with the Company’s stock option plan.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
Progressive Planet Announces Two New Advisors
Vancouver, February 22, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the appointment of Randy Gue and Chris Halsey-Brandt, CPA, CA, CBV to the company’s Advisory Board.
‘These appointments are a continuation of our goal to add significant depth and experience that will expedite the commercial launch of new technologies to reduce the large carbon footprint associated with cement production’ says CEO, Stephen Harpur. ‘Randy and Chris each bring outstanding expertise that will help us guide the Company through its next stage of growth.’
Randy will advise on introducing Progressive Planet’s developing product offerings into the marketplace with the initial focus on markets for PozGlass SCM. Randy spent 17 years with Lafarge Canada as the Director of Business Development and Resource Recovery where he led Lafarge’s Western North American initiative to reduce variable operating costs by developing business-to-business relationships primarily related to the recovery and reuse of wastes and by-product streams from industries and institutions.
Chris will assist in financial analysis of the first PozGlass SCM manufacturing plant and will also assist in evaluating opportunities to grow the company through strategic acquisitions. Chris is both a Chartered Professional Accountant (CPA) and a Chartered Business Valuator (CBV). Chris currently owns and operates a successful food processing business. Prior to becoming an entrepreneur, Chris was a Partner at Blair Mackay Mynett Valuations Inc., a leading independent firm in Vancouver providing business valuation services.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Closes Non-Brokered Private Placement
Vancouver, February 12, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), announces that, further to its news release dated January 25, 2021, the Company has closed its non-brokered private placement financing comprising of 7,000,000 units, at $0.20 per unit, for total gross proceeds of $1,400,000.
Each such unit consists of one share and one share purchase warrant entitling the holder to purchase an additional share in the Company for $0.25 per share if exercised on or before February 12, 2023. 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. One insider participated in this private placement. David Richardson, a “control person” of the Company by reason of holding, directly and indirectly, more than 20% of the Company’s issued shares, purchased 725,000 units through his company Countryman Investments Ltd., for a total of $145,000.
The Company has paid an aggregate total of $53,000 in cash finders’ fees and issued an aggregate total of 530,000 finder’s fee warrants in connection with this private placement to three finders. 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, on or before February 12, 2023.
All securities issued under the financing will be subject to a statutory four month hold period and securities will bear legends restricting resale until June 13, 2021.
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 Natural Pozzolan 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
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 Announces Important Appointments
Vancouver, January 31, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the appointment of Brian Sheppard and Nicole Stefenelli to the company’s Advisory Board, and Dr. Chad Vecitis to its research team.
‘These appointments are a major step forward for Progressive Planet’ says CEO, Stephen Harpur. ‘Brian, Nicole and Chad are leaders in their respective fields, and each bring outstanding expertise that will help us guide the Company through its next stage of growth.’ These appointments are part-time in nature, and each of the appointees remain in their existing roles with their current employers.
Sheppard will advise on marketing and communication efforts. He has over 25 years of experience at Canada’s leading advertising agencies, working on many of the country’s most powerful brands. Sheppard is currently the Executive Creative Director of Saatchi & Saatchi Canada. In addition to creating effective, award-wining advertising, he is also an instructor in the Advertising faculty of the Ontario College of Art & Design (OCADU) in Toronto.
Stefenelli will advise on procurement of commercial amounts of post-consumer glass and other commodities required for the commercialization of PozGlass SCM. She is CEO and Founder of Urban Impact Recycling, a well-established recycling company serving customers in British Columbia’s Lower Mainland. Stefenelli brings three decades of experience in the field of finding solutions to the growing problem of corporate and institutional waste. In 2010 she won the Ernst & Young CEO of the Year in the Cleantech category. In 2012 she was awarded the YWCA Women of Distinction Award in the Entrepreneur category. Stefenelli served on the Board of Directors for the Forum for Women Entrepreneurs and Science World and has also served on the Board of the Recycling Council of British Columbia.
Dr. Vecitis has been contracted to provide expertise and guidance in regard to carbon sequestration in cellular concrete. Dr. Vecitis is the CTO and Co-Founder of Nth Cycle that is redefining the metal supply chain by developing novel metallurgic technologies. He is also an Associate of Environmental Science & Engineering at the Harvard Paulson School of Engineering & Applied Sciences where his research focuses on environmental science and emerging nanotechnologies. Dr. Vecitis is co-author of over eighty peer-reviewed papers and a number of patents, and has been invited to present his research around the world.
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 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
or
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
Forward-Looking Statements:
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