Business
Planet Ventures Inc. Investment - Lexagene Holdings Inc. (TSXV: LXG) Announces $5 million Bought-Deal Financing
(via TheNewswire) Vancouver, British Columbia / TheNewswire / December 15, 2017 -- Planet ...
About this update from Planet Ventures Inc
[{"type":"text","content":"Planet Ventures Inc. Investment - Lexagene Holdings Inc. (TSXV: LXG) Announces $5 million Bought-Deal Financing(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / December 15, 2017 -- Planet Ventures Inc. (the \"Company\") (TSX.V: PXI; FSE: P6U) is pleased to announce that one of its investments, LexaGene Holdings Inc., announced that it has arranged a $5,014,000 bought-deal financing at $1.15/share.\n\n \n \nA copy of LexaGene's news release as well as their preliminary short-form prospectus which was filed on December 4th, 2017 can be found on Sedar.\n\n \n \nPlanet Ventures Inc. has been a shareholder of LexaGene since the company went public and is very excited for their future. At $1.15/share, Planet is currently up over 360% on their investment from their initial $0.25/share placement.\n\n \n \nZula Kropivnitski, Chief Financial Officer of Planet stated \"This is a very exciting time for LexaGene and we're honored to have been able to be a part of the company as a seed shareholder since 2016. Daryl Rebeck and Jack Regan are both doing a remarkable job creating value for their shareholders and we look forward to continuing to support their efforts in every way possible.\"\n\n \n \nAs per the company's news release on November 7th, Planet has also made several strategic investments in the crypto-currency space including buying bitcoin, Ether and Litecoin which are all trading higher since their initial investment. Planet's management team is ecstatic about the potential of all crypto-currencies and their need for the future as they move to new highs.\n\n \n \nAbout Planet Ventures Inc.\n\n \n \nPlanet Ventures Inc. is positioning itself to be the leading investment issuer in Blockchain technologies and crypto-currencies providing investors exposure to a wide-range of investments in the Crypto/Blockchain markets. Planet invests in ICO's (Initial Coin Offerings) and its management is focused solely on creating shareholder value by exposing its investors to multiple areas of the Crypto/Blockchain market. The Company's initiative is to empower entrepreneurs developing disruptive technologies in the Blockchain space and provide them with the necessary capital and expertise to help them revolutionize the industry. The company will retain its investment portfolio and will continue to assess new opportunities for inv...