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PlasCred Circular Innovations Inc. Announces Closing of First Tranche of Upsized Non-Brokered Private Placement Under Listed Issuer Financing Exemption
Calgary, Alberta--(Newsfile Corp. - April 22, 2026) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) ("PlasCred" or the "Company"), is pleased to announce that, as a result of strong investor demand, it has closed the first tranche (the "First Tranche") of its previously announced upsized non-brokered $7,000,000 private placement (the "Offering"), issuing 29,573,822 units of the Company (each, a "Unit") at a price of $0.17 per Unit for aggregate gross proceeds of $5,027,550, pursuant.
About this update from Canadian National Railway Company
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - April 22, 2026) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) ("PlasCred" or the "Company"), is pleased to announce that, as a result of strong investor demand, it has closed the first tranche (the "First Tranche") of its previously announced upsized non-brokered $7,000,000 private placement (the "Offering"), issuing 29,573,822 units of the Company (each, a "Unit") at a price of $0.17 per Unit for aggregate gross proceeds of $5,027,550, pursuant to the listed issuer financing exemption of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"). Certain portions of the First Tranche, totaling approximately $1,522,149, are being settled by delivery against payment and are expected to be completed shortly. Proceeds from the Offering will be used to advance development of the Company's advanced plastic recycling commercial facility ("Neos"), to be located at CN Rail's Scotford Yard in Alberta's Industrial Heartland, including detailed engineering, permitting, procurement of long-lead equipment, and also for general working capital.","length":1184,"tagName":"p"},{"type":"text","content":"The Company expects to close a second tranche (the "Second Tranche") of the upsized Offering for gross proceeds of up to approximately $1,972,450 on or before May 13, 2026.","length":182,"tagName":"p"},{"type":"text","content":"Each Unit is comprised of one common share ("Common Share") in the capital of the Company and one common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.22 per Common Share for a period of 36 months following the closing date of the applicable tranche (each, a "Closing Date"). The Warrants will be subject to an early expiration provision whereby if, during a period of 10 consecutive trading days between the applicable Closing Date and the expiry of the Warrants, the daily volume-weighted average trading price of the Common Shares on the CSE (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.40 for each of those 10 consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders, following which ...