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PRINCIPAL TECHNOLOGIES INC. ANNOUNCES CTO LIFTED, PRIVATE PLACEMENT AND APPOINTS NEW CFO
PRINCIPAL TECHNOLOGIES INC. ANNOUNCES CTO LIFTED, PRIVATE PLACEMENT AND APPOINTS NEW CFO ...
About this update from Principal Technologies, Inc.
[{"type":"text","content":"\n \n \n \n PRINCIPAL TECHNOLOGIES INC. ANNOUNCES CTO LIFTED, PRIVATE PLACEMENT AND APPOINTS NEW CFO\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 6, 2023\n \n \n /CNW/ - Principal Technologies Inc. (the \"\n \n Company\n \n \") (TSXV: PTEC\n \n .\n \n P), is pleased to announce that the Cease Trade Order (CTO) of the Company on the TSX Venture Exchange (the \"\n \n TSXV\n \n \"), imposed by the British Columbia Securities Commission (the BCSC) on\n \n December 2, 2022\n \n (press release dated\n \n December 7, 2022\n \n ), has been revoked and its common shares have resumed trading on the TSXV.\n \n \n The Company would like to welcome Mr.\n \n Peter McKeown\n \n , who has been appointed Chief Financial Officer (\"\n \n CFO\n \n \") and Corporate Secretary of the Company effective\n \n March 6, 2023\n \n replacing the Company's CFO and Corporate Secretary, Mr.\n \n Frank Stronach\n \n .\n \n \n Mr. McKeown has been involved in the start-up and growth of businesses throughout his 40 year career. He has served in various executive capacities including President, CFO and Director of many public companies, primarily in the oil & gas, mineral exploration and technology sectors. He has been a Vice-President of Player Capital Corporation since 2011, which provides financial and managerial expertise to growing organizations. Prior thereto he was the CFO of Axia Netmedia Corporation for over a decade. Peter obtained his CPA in 1980 while employed with KPMG.\n \n \n The Company thanks Mr. Stronach for his many contributions to the Company and wishes him well in his retirement.\n \n \n The Company is pleased to announce a non-brokered financing of up to 7,000,000 units at\n \n $0.10\n \n for gross proceeds of up to\n \n $700,000\n \n (the \"\n \n Private Placement)\n \n . Each unit (a \"\n \n Unit\n \n \") will c...