PlasCred Circular Innovations Inc. Announces Extension of Strategic Private Placement Closing

Rhea-AI Summary

PlasCred Circular Innovations has extended the closing date of its strategic non-brokered private placement to July 14, 2025. The offering aims to raise up to $1,000,000 by issuing 20,000,000 units at $0.05 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.07 per share for 36 months. The funds will support the construction of the Neos facility, engineering and R&D initiatives, equipment deposits, marketing expansion, and working capital needs. The offering is subject to regulatory approvals and securities will have a four-month-plus-one-day hold period.

Positive

• Potential to raise up to $1,000,000 in additional capital
• Warrants provide potential for additional future funding at $0.07 per share
• Funds will support critical business initiatives including facility construction and R&D

Negative

• Offering price of $0.05 per unit may indicate low stock valuation
• Significant dilution for existing shareholders with up to 20,000,000 new units
• Extension of closing date could suggest challenges in securing investors

Calgary, Alberta--(Newsfile Corp. - June 23, 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 that it has extended the closing of its previously announced strategic non-brokered private placement (the "Offering") to July 14, 2025. This extension follows the amended terms disclosed in the Company's press release dated April 28, 2025. The proceeds from the Offering will be used to advance construction of the Company's Neos facility, fund detailed engineering and R&D initiatives to optimize process efficiency, secure deposits on long-lead equipment, expand marketing efforts, and support general corporate and working capital requirements.

Non-Brokered Private Placement
The amended Offering will consist of up to 20,000,000 units (each, a "Unit") at a price of $0.05 per Unit, for gross proceeds of up to $1,000,000.

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 $0.07 per share for a period of 36 months following the closing date of the Private Placement.

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 www.PlasCred.com.

ON BEHALF OF THE BOARD

Troy Lupul – President & CEO

Contact Information

For more information please contact:

PlasCred Circular Innovations Inc.
Troy Lupul
Email: IR@plascred.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256462

FAQ

What is the size and price of PlasCred's (MGPRF) private placement offering?

PlasCred is offering up to 20,000,000 units at $0.05 per unit, aiming to raise up to $1,000,000 in gross proceeds.

When is the new closing date for PlasCred's private placement?

The closing date has been extended to July 14, 2025.

What are the warrant terms in PlasCred's private placement?

Each warrant allows purchase of one additional common share at $0.07 per share for 36 months after closing.

How will PlasCred use the proceeds from the private placement?

Proceeds will fund Neos facility construction, engineering and R&D initiatives, equipment deposits, marketing expansion, and working capital needs.

What is the hold period for securities issued in PlasCred's private placement?

Securities will have a statutory four-month-plus-one-day hold period.