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PlasCred closes first tranche of CAD 7 million private placement at CAD 0.17/unit

PUBT·04/23/2026 16:40:08
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PlasCred closes first tranche of CAD 7 million private placement at CAD 0.17/unit
  • PlasCred Circular Innovations closed first tranche of upsized non-brokered private placement, issuing 29,573,822 units at CAD 0.17 for gross proceeds of CAD 5 million.
  • Settlement remains pending for about CAD 1.5 million of the tranche, expected to close shortly.
  • Proceeds earmarked for working capital, ongoing development of Neos commercial plant at CN Rail Scotford Yard in Alberta, including engineering, permitting, long-lead equipment procurement.
  • Second tranche targeted to raise up to about CAD 2 million by May 13, 2026.
  • Each unit includes 1 common share plus 1 warrant exercisable at CAD 0.22 for 36 months.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plascred Circular Innovations Inc. published the original content used to generate this news brief via EQS News, a service of EQS Group AG (Ref. ID: corporate_2314220_de), on April 23, 2026, and is solely responsible for the information contained therein.