Vancouver, BC – July 30, 2025 – TheNewswire - Planet Ventures Inc. (CSE: PXI; OTC: PNXPF; Frankfurt: P6U1) ("Planet Ventures" or the "Company"), an investment issuer focused on acquiring Bitcoin, is pleased to announce that it has increased its previously announced convertible debenture (each a “Debenture”) financing from up to CAD $5,000,000 to up to CAD $6,000,000.

It is expected that Planet’s Chief Executive Officer, Etienne Moshevich, as well as a strategic investor, will be subscribing for the entire financing.

“I’m fully committed to putting my own capital behind my convictions,” said Etienne Moshevich, CEO of Planet Ventures. “I believe deeply in our company and see Planet as uniquely positioned to lead and capitalize on the rapidly expanding Bitcoin treasury landscape.”

The Debentures will carry an interest rate of 12% per annum, for a term of 24 months. At any time during the term, the principal amount of the Debentures is convertible into common shares of the Company at a conversion price of $0.50 per share.

The loan will be secured against the assets of the Company, and is subject to customary closing conditions and regulatory approvals, including approval of the Canadian Securities Exchange. The financing is expected to close on or before August 15th.

As of today’s announcement, Planet Ventures holds 28.8 Bitcoin on its balance sheet.

It is expected that certain insiders  of the company may participate in the offering. The participation by insiders in the offering will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the offering, insofar as it involves related parties, will exceed 25 per cent of the company's market capitalization. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

 

The securities of the Company referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

About Planet Ventures Inc.

Planet Ventures Inc. (CSE: PXI; OTC:PNXPF; Frankfurt: P6U1) is an investment issuer that focuses on acquiring Bitcoin.

For further information, please contact:
Etienne Moshevich, CEO
Tel: (604) 681-0084
Email: et@transcendcapitalinc.com
Website: www.planetventuresinc.com

Forward-Looking Statements

 

Certain statements contained in this news release may constitute forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, statements related to the offering and the anticipated use of proceeds therefrom. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forwardlooking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, LEGAL_47219651.1 many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forwardlooking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.

 

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