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Progressive Planet Solutions Inc V.PLAN

Alternate Symbol(s):  ASHXF

Progressive Planet Solutions Inc. is a Canada-based cleantech and a manufacturing company. The Company specializes in merging cleantech with ancient volcanic ash and minerals to create planet-friendly products that fight climate change. The Company’s properties include Z1 Zeolite Property, British Columbia; Z2 Zeolite Property, British Columbia, and Z3 Heffley Property, British Columbia. It creates bespoke products that include diatomaceous earth, soft rock phosphate, zeolite, limestone, bentonite clay, humates, biochar, and virgin / post-consumer glass. Its subsidiaries include Progressive Planet Products Inc., 0820443 B.C. Ltd., Progressive Planet Alberta Inc., and Progressive Planet US LLC.


TSXV:PLAN - Post by User

Comment by 15Stanmoreon Nov 05, 2023 10:39am
38 Views
Post# 35718264

RE:RE:RE:RE:RE:RE:RE:No Need To Be Up In Arms Over Heffley Creek

RE:RE:RE:RE:RE:RE:RE:No Need To Be Up In Arms Over Heffley Creek

Do you mean this one Kevin?

So to recap, PLAN decided in February 2020 to acquire a 100% interest in a valuable property by committing to pay $55,000 in cash in annual instalments over 4 years and to expend $275,000 in exploration and development costs again over a 4 year period. By July 2023, cash payments of $40,000 had been paid, and $392,838 had been expended on exploration ($117,838 MORE than required to secure the property). Then today we hear that PLAN has decided to abandon the property, not pay the final $15,000 instalment, and write off/expense the previously valued asset on the Company balance sheet.

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