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Planet Ventures to Raise CAD $5 Million via Private Placement to Enhance Bitcoin Treasury
Vancouver, BC — July 23, 2025 — NewsWall — Planet Ventures Inc. (CSE: PXI; OTC: PNXPF; Frankfurt: P6U1) plans to raise up to CAD $5,000,000 through a private placement of convertible debentures to further enhance its Bitcoin treasury strategy.
The debentures will bear a 12% interest rate per annum and mature 24 months from the issuance date. The principal amount of the debentures is convertible into common shares of the Company at a conversion price of $0.50 per share at any time during the term before maturity.
Etienne Moshevich, CEO of Planet Ventures, stated that the financing will enable the company to propel its Bitcoin purchases and increase its treasury holdings substantially. The net proceeds will be used exclusively to acquire additional Bitcoin.
The debentures will be secured against the assets of the Company, with completion of the offering subject to customary closing conditions and regulatory approvals. Planet Ventures currently holds 28.8 Bitcoin on its balance sheet.
Etienne Moshevich also noted that the company is in an incredible position to cement itself as the premier Bitcoin treasury company in Canada, with over 28.8 Bitcoin, approximately $11,500,000 in cash and marketable securities, and this $5,000,000 financing.
Certain insiders of the Company may participate in the offering, constituting a related party transaction under Multilateral Instrument 61-101. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements.
The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States unless registered or pursuant to an exemption.
Etienne Moshevich, CEO
Tel: (604) 681-0084
Email: et@transcendcapitalinc.com
Source: Planet Ventures Inc.