PlasCred Circular Innovations Inc. Announces First Closing of Private Placement and Amendment to Previously Announced Offering
PlasCred Circular Innovations, a leader in advanced plastic waste recycling, has announced significant updates to its private placement offering. The company has doubled the offering size from $500,000 to $1,000,000 due to strong investor interest.
Key details of the amended offering include:
- Up to 20 million units priced at $0.05 per unit
- Each unit includes one common share and one purchase warrant
- Warrants exercisable at $0.07 per share for 36 months
- First closing scheduled for May 1, 2025, issuing 9,050,000 units for $452,500
The funds will support several strategic initiatives:
- Construction of the Neos facility
- Detailed engineering and R&D for process optimization
- Deposits on long-lead equipment
- Marketing expansion
- Working capital needs
The private placement requires regulatory approvals, including CSE approval, and securities will have a four-month-plus-one-day hold period.
PlasCred Circular Innovations, leader nel riciclo avanzato dei rifiuti plastici, ha annunciato importanti aggiornamenti alla sua offerta di collocamento privato. L'azienda ha raddoppiato la dimensione dell'offerta da 500.000 a 1.000.000 di dollari grazie al forte interesse degli investitori.
I dettagli principali della nuova offerta includono:
- Fino a 20 milioni di unit脿 al prezzo di 0,05 dollari ciascuna
- Ogni unit脿 comprende una azione ordinaria e un warrant di acquisto
- I warrant sono esercitabili a 0,07 dollari per azione per 36 mesi
- La prima chiusura 猫 prevista per il 1掳 maggio 2025, con l'emissione di 9.050.000 unit脿 per 452.500 dollari
I fondi saranno destinati a diverse iniziative strategiche:
- Costruzione dell'impianto Neos
- Ingegneria dettagliata e R&S per l'ottimizzazione dei processi
- Acconti per apparecchiature a lungo termine
- Espansione del marketing
- Bisogni di capitale circolante
Il collocamento privato necessita di approvazioni regolamentari, inclusa l'approvazione della CSE, e i titoli avranno un periodo di blocco di quattro mesi pi霉 un giorno.
PlasCred Circular Innovations, l铆der en el reciclaje avanzado de residuos pl谩sticos, ha anunciado actualizaciones significativas en su oferta de colocaci贸n privada. La compa帽铆a ha duplicado el tama帽o de la oferta de $500,000 a $1,000,000 debido al fuerte inter茅s de los inversores.
Los detalles clave de la oferta modificada incluyen:
- Hasta 20 millones de unidades a un precio de $0.05 por unidad
- Cada unidad incluye una acci贸n com煤n y un warrant de compra
- Los warrants son ejercibles a $0.07 por acci贸n durante 36 meses
- El primer cierre est谩 programado para el 1 de mayo de 2025, emitiendo 9,050,000 unidades por $452,500
Los fondos apoyar谩n varias iniciativas estrat茅gicas:
- Construcci贸n de la planta Neos
- Ingenier铆a detallada e I+D para la optimizaci贸n de procesos
- Dep贸sitos para equipos de larga entrega
- Expansi贸n de marketing
- Necesidades de capital de trabajo
La colocaci贸n privada requiere aprobaciones regulatorias, incluida la aprobaci贸n de la CSE, y los valores tendr谩n un per铆odo de retenci贸n de cuatro meses m谩s un d铆a.
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PlasCred Circular Innovations, leader dans le recyclage avanc茅 des d茅chets plastiques, a annonc茅 des mises 脿 jour importantes concernant son offre de placement priv茅. En raison d'un fort int茅r锚t des investisseurs, la soci茅t茅 a doubl茅 la taille de l'offre, passant de 500 000 $ 脿 1 000 000 $.
Les d茅tails cl茅s de l'offre modifi茅e sont les suivants :
- Jusqu'脿 20 millions d'unit茅s au prix de 0,05 $ par unit茅
- Chaque unit茅 comprend une action ordinaire et un bon de souscription
- Les bons de souscription sont exer莽ables 脿 0,07 $ par action pendant 36 mois
- La premi猫re cl么ture est pr茅vue pour le 1er mai 2025, avec l'茅mission de 9 050 000 unit茅s pour 452 500 $
Les fonds soutiendront plusieurs initiatives strat茅giques :
- Construction de l'installation Neos
- Ing茅nierie d茅taill茅e et R&D pour l'optimisation des processus
- Accomptes pour 茅quipements 脿 long d茅lai de livraison
- Expansion marketing
- Besoins en fonds de roulement
Le placement priv茅 n茅cessite des approbations r茅glementaires, y compris celle de la CSE, et les titres seront soumis 脿 une p茅riode de blocage de quatre mois plus un jour.
PlasCred Circular Innovations, ein f眉hrendes Unternehmen im Bereich der fortschrittlichen Kunststoffabfall-Recyclingtechnologie, hat bedeutende Aktualisierungen seines Privatplatzierungsangebots bekannt gegeben. Aufgrund des starken Interesses der Investoren hat das Unternehmen die Angebotsgr枚脽e von 500.000 auf 1.000.000 US-Dollar verdoppelt.
Wesentliche Details des ge盲nderten Angebots sind:
- Bis zu 20 Millionen Einheiten zum Preis von 0,05 USD pro Einheit
- Jede Einheit umfasst eine Stammaktie und einen Kaufwarrant
- Warrants sind f眉r 36 Monate zum Aus眉bungspreis von 0,07 USD pro Aktie aus眉bbar
- Erste Zeichnungsfrist ist f眉r den 1. Mai 2025 geplant, mit der Ausgabe von 9.050.000 Einheiten f眉r 452.500 USD
Die Mittel werden mehrere strategische Initiativen unterst眉tzen:
- Bau der Neos-Anlage
- Detaillierte Planung und F&E zur Prozessoptimierung
- Anzahlungen f眉r langfristige Ausr眉stung
- Ausweitung des Marketings
- Bedarf an Betriebskapital
Die Privatplatzierung erfordert beh枚rdliche Genehmigungen, einschlie脽lich der CSE-Zulassung, und die Wertpapiere unterliegen einer Haltefrist von vier Monaten plus einem Tag.
- Increased private placement size from $500,000 to $1,000,000 due to strong investor interest
- First closing secured $452,500 through issuance of 9,050,000 units
- Proceeds will fund Neos facility construction and equipment deposits
- 36-month warrant terms provide additional funding potential at $0.07 per share
- Share dilution through issuance of 9,050,000 new units with additional dilution possible
- Low unit pricing at $0.05 indicates potential undervaluation or financial pressure
- Multiple closing periods suggest possible challenges in securing full funding at once
Calgary, Alberta--(Newsfile Corp. - April 28, 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 the first closing of its previously announced strategic non-brokered private placement (the "Offering") scheduled for May 1, 2025. Further to its April 21, 2025 press release, the Company advises that it has amended the size of the Offering, increasing it from up to
Non-Brokered Private Placement
The amended Offering will consist of up to 20,000,000 units (each, a "Unit") at a price of
Each Unit is comprised of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share 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 Company reserves the right to increase or decrease the size of the Private Placement. The Common Shares will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.
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 . 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.
To view the source version of this press release, please visit
FAQ
How much did PlasCred increase its private placement offering in April 2025?
What is the price per unit for PlasCred's May 2025 private placement?
How many units will PlasCred issue in its first closing on May 1, 2025?
What will PlasCred use the private placement proceeds for?
What are the terms of PlasCred's warrant offering in the April 2025 private placement?
