PLRTF - Plymouth Rock Announces Debt Settlement and Board of Director Changes
(TheNewswire)
Vancouver, BC - TheNewswire - May 30, 2023 - Plymouth Rock Technologies Inc. ( CSE:PRT ) ( OTC:PLRTF ) ( Frankfurt: XA ) ( WKN#A2N8RH) (“ Plymouth Rock ”, “ PRT ”, or the “ Company ”), announces the Company intends to issue 2,600,000 CommonShares at a deemed price of $.065 CDN per Common Share, to settle$169,000 CDN of debt due to Canaccord Genuity Corp. for advisoryservices. The shares issued to complete the settlement of debt willnot result in a change of control. Upon completion of the issuance,the Company will have 95,597,461 Common Shares issued andoutstanding.
Furthermore, the Company announces the resignation ofdirector Dana Wheeler, and has appointed Alan Treddenick as anew director to the Board. Alan is the CEO of ATNOH Group, a GlobalPublic Safety and Risk Consultancy. Prior to founding the company Alanspent 32 years with the Canadian Security Intelligence Service (CSIS)and the Royal Canadian Mounted Police (RCMP), involved in extensivecounter terrorism HUMINT operations within Canada and abroad. Uponretiring from government service, Alan joined BlackBerry’sGovernment Relations division and established a team to leadBlackBerry's strategic relationships with law enforcement,intelligence, and security agencies around the globe on nationalsecurity, sensitive cr imin al investigations, andother regulatory issues focused on lawful access and market accessconcerns. Alan is a graduate of Queen's University, the RCMPTraining Academy, and the Canadian Police College.
“The Company and the board would like to thank Dana for all hiscontributions to Plymouth Rock Technologies since launch back in 2016and wish him much success in his new endeavours,” shared DouglasSmith, Chairman of Plymouth Rock Technologies. “We’re also excitedto welcome Alan Treddenick to the Board of Directors and look forwardto his expertise in moving the business forward.”
About Plymouth Rock TechnologiesInc.
Plymouth Rock Technologies (PRT) is an innovative UAVdrone management and operations services company that focuses in threeareas for critical infrastructure and large public and privatefacilities. These three areas include (i) drone management andsurveillance monitoring, (ii) automation and integration for flightplanning, new, innovative sensor payloads, stand alone power sourceand (iii) drone base station infrastructure and technology forautonomous self-landing, power charging and takeoff.
ON BEHALF OF THE BOARD OFDIRECTORS
Philip Lancaster, CEO
+1 (250) 863-3038
Forward Looking Statements
Certain information set forth in this news release maycontain forward-looking statements that involve substantial known andunknown risks and uncertainties. All statements other than statementsof historical fact are forward-looking statements, including, withoutlimitation, statements regarding future financial position, businessstrategy, use of proceeds, corporate vision, proposed acquisitions,partnerships, joint-ventures and strategic alliances andco-operations, budgets, cost and plans and objectives of or involvingthe Company. Such forward looking information reflects management’scurrent beliefs and is based on information currently available tomanagement. Often, but not always, forward-looking statements can beidentified by the use of words such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “predicts”, “intends”, “targets”,“aims”, “anticipates” or “believes” or variations(including negative variations) of such words and phrases or may beidentified by statements to the effect that certain actions “may”,“could”, “should”, “would”, “might” or “will” betaken, occur or be achieved. A number of known and unknown risks,uncertainties and other factors may cause the actual results orperformance to materially differ from any future results orperformance expressed or implied by the forward-looking information.These forward – looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of the Companyincluding, but not limited to, the impact of general economicconditions, industry conditions and dependence upon regulatoryapprovals. Readers are cautioned that the assumptions used in thepreparation of such information, although considered reasonable at thetime of preparation, may prove to be imprecise and, as such, unduereliance should not be placed on forward-looking statements. TheCompany does not assume any obligation to update or revise itsforward-looking statements, whether as a result of new information,future events, or otherwise, except as required by securitieslaws.
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