PlasCred Circular Innovations Inc. Announces Closing of Strategic Private Placement
PlasCred Circular Innovations (CSE: PLAS) has successfully closed its non-brokered private placement, raising $819,000 through the issuance of 16,380,000 units at $0.05 per unit. Each unit includes one common share and one warrant, exercisable at $0.07 for 36 months.
The proceeds will fund the construction of the company's Neos facility, engineering optimization, marketing expansion, and working capital. Additionally, the company revised vesting conditions for 5 million Performance Warrants, linking them to facility development milestones including securing $15M financing, mechanical completion, and achieving 450 barrels per day production rate.
PlasCred Circular Innovations (CSE: PLAS) ha concluso con successo un collocamento privato senza intermediari, raccogliendo 819.000$ attraverso l'emissione di 16.380.000 unit脿 a 0,05$ ciascuna. Ogni unit脿 comprende un'azione ordinaria e un warrant esercitabile a 0,07$ per 36 mesi.
I fondi saranno utilizzati per la costruzione della struttura Neos dell'azienda, l'ottimizzazione ingegneristica, l'espansione del marketing e il capitale operativo. Inoltre, la societ脿 ha modificato le condizioni di maturazione di 5 milioni di Performance Warrants, collegandoli a tappe fondamentali dello sviluppo dell'impianto, tra cui l'ottenimento di un finanziamento di 15 milioni di dollari, il completamento meccanico e il raggiungimento di una produzione di 450 barili al giorno.
PlasCred Circular Innovations (CSE: PLAS) ha cerrado con 茅xito su colocaci贸n privada sin intermediarios, recaudando 819,000$ mediante la emisi贸n de 16,380,000 unidades a 0.05$ por unidad. Cada unidad incluye una acci贸n com煤n y un warrant ejercitable a 0.07$ durante 36 meses.
Los fondos se destinar谩n a la construcci贸n de la instalaci贸n Neos de la compa帽铆a, optimizaci贸n de ingenier铆a, expansi贸n de marketing y capital de trabajo. Adem谩s, la empresa revis贸 las condiciones de adquisici贸n de 5 millones de Performance Warrants, vincul谩ndolos a hitos de desarrollo de la instalaci贸n, incluyendo la obtenci贸n de financiamiento por 15 millones de d贸lares, la finalizaci贸n mec谩nica y alcanzar una producci贸n de 450 barriles por d铆a.
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臁半嫭霅� 鞛愱笀鞚� 須岇偓鞚� Neos 鞁滌劋 瓯挫劋, 鞐旍雼堨柎毵� 斓滌爜頇�, 毵堨紑韺� 頇曥灔 氚� 鞖挫爠鞛愲掣鞐� 靷毄霅� 鞓堨爼鞛呺媹雼�. 霕愴暅 須岇偓電� 500毵� 臧滌潣 靹标臣 鞗岆煱韸�鞚� 氩犾姢韺� 臁瓣贝鞚� 靾橃爼頃橃棳, 1,500毵� 雼煬 鞛愱笀 頇曤炒, 旮瓣硠鞝� 鞕勳劚, 鞚检澕 450氚半煷 靸濎偘 雼劚瓿� 臧欖潃 鞁滌劋 臧滊皽 鞚挫爼響滌檧 鞐瓣硠頄堨姷雼堧嫟.
PlasCred Circular Innovations (CSE : PLAS) a cl么tur茅 avec succ猫s son placement priv茅 sans interm茅diaire, levant 819 000 $ gr芒ce 脿 l'茅mission de 16 380 000 unit茅s 脿 0,05 $ l'unit茅. Chaque unit茅 comprend une action ordinaire et un warrant exer莽able 脿 0,07 $ pendant 36 mois.
Les fonds serviront 脿 financer la construction de l'installation Neos de la soci茅t茅, l'optimisation de l'ing茅nierie, l'expansion marketing et le fonds de roulement. De plus, la soci茅t茅 a r茅vis茅 les conditions d'acquisition de 5 millions de Performance Warrants, les liant 脿 des 茅tapes cl茅s du d茅veloppement de l'installation, notamment l'obtention d'un financement de 15 millions de dollars, l'ach猫vement m茅canique et l'atteinte d'un taux de production de 450 barils par jour.
PlasCred Circular Innovations (CSE: PLAS) hat seine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei 819.000$ durch die Ausgabe von 16.380.000 Einheiten zu je 0,05$ eingenommen. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der 36 Monate lang zum Preis von 0,07$ ausge眉bt werden kann.
Die Erl枚se werden f眉r den Bau der Neos-Anlage des Unternehmens, die Optimierung der Technik, die Erweiterung des Marketings und das Betriebskapital verwendet. Zus盲tzlich hat das Unternehmen die Vesting-Bedingungen f眉r 5 Millionen Performance Warrants 眉berarbeitet und an Meilensteine der Anlagenentwicklung gebunden, darunter die Sicherung einer Finanzierung von 15 Mio. $, die mechanische Fertigstellung und das Erreichen einer Produktionsrate von 450 Barrel pro Tag.
- Successful raise of $819,000 through private placement
- Strategic alignment of Performance Warrants with facility development milestones
- Proceeds will advance construction of Neos facility and fund operational improvements
- Significant dilution with issuance of 16.38M new units
- Low unit pricing at $0.05 indicates challenging market conditions
- Four-month-plus-one-day hold period restricts immediate trading
Calgary, Alberta--(Newsfile Corp. - July 21, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) ("PlasCred" or the "Company"), a transformative leader in the advanced plastic waste recycling sector, is pleased to announce is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") on July 14, 2025. This follows the amended terms as disclosed in the Company's news release dated April 28, 2025.
Under the Offering, the Company issued an aggregate of 16,380,000 units (each, a "Unit") at a price of
All securities issued pursuant to the Private Placement will be subject to a statutory four-month-plus-one-day hold period. The completion of the Private Placement is subject to the receipt of all required regulatory approvals, including approval from the CSE. The Common Shares were offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.
In connection with the Offering, the Company's Board of Directors approved a revision to the vesting conditions of 5,000,000 previously issued Performance Warrants. The amended milestones align with the development of the Neos facility: one-third will vest upon securing
About PlasCred Circular Innovations Inc.
PlasCred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing towards a climate-positive future, PlasCred aspires to be among the largest advanced plastic waste recyclers in North America and globally. Their groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and advanced recycling.
PlasCred also has strategic partnerships with CN Rail, Palantir Technologies Inc., Fibreco Export Inc., and a Global Commodities Company . These collaborations provide PlasCred with world-class logistics, advanced operational intelligence, and stable long-term revenue, supporting its leadership in the circular plastics economy.
For further information on PlasCred, visit our website at
ON BEHALF OF THE BOARD
Troy Lupul - President & CEO
Contact Information
For more information please contact:
PlasCred Circular Innovations Inc.
Troy Lupul
Email: [email protected]
Forward-looking Statements
This press release includes forward-looking statements under applicable securities laws. Such statements relate to future activities, results, or developments anticipated by PlasCred Circular Innovations Inc. and are based on reasonable assumptions but involve risks and uncertainties. Forward-looking statements can often be identified by terms such as "expects," "intends," "plans," or similar expressions. Actual results may differ materially due to economic conditions, regulatory changes, and other risks described in the Company's public filings available on SEDAR at www.sedarplus.ca. Readers are cautioned not to place undue reliance on these statements. PlasCred disclaims any obligation to update forward-looking statements except as required by law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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FAQ
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