October 2, 2025 – TheNewswire - VANCOUVER, BRITISH COLUMBIA – Planet Ventures Inc. (​CSE: PXI​) (the “Company” or “Planet”) is pleased to announce its intention for the renewal of its normal course issuer bid (the “Renewed NCIB”) through the facilities of the Canadian Securities Exchange (the “CSE”).

Under the Renewed NCIB, a total of up to 10,206,333 common shares in the capital of the Company (“Shares”), representing 5% of the issued and outstanding Shares of the Company, may be purchased through the facilities of the CSE.  As at October 2, 2025, Planet Ventures had 204,126,672 Shares issued and outstanding.

The board and management of the Company believe that the current market price of the Shares may not fully reflect the underlying value of the Company’s business and future prospects.  The purpose of the renewed NCIB is to enable the Company to purchase Shares when it believes them to be undervalued in the market and such purpose is an appropriate use of the Company's available funds and in its best interests to do so.

The Company’s most recent normal course issuer bid commenced on July 16, 2024, for the purchase of up to 10,531,283 shares, and expired on July 16, 2025 (the “2024 NCIB”).  Planet repurchased 6,499,000 Shares for cancellation under the 2024 NCIB at a volume weighted average repurchase price of $0.03 per Share. All repurchases were made through the facilities of the CSE.

The Renewed NCIB will commence on October 6, 2025, and end on October 5, 2026, unless the maximum number of Shares is purchased prior to such date, or the Company provides earlier notice of termination. Although the Company intends to purchase Shares under the Renewed NCIB, there can be no assurance that any such Share purchases will be completed.

The Company intends to appoint Ventum Financial Corp. to conduct the Renewed NCIB. The actual number of Shares purchased, timing of purchases and purchase price will depend upon the prevailing market conditions, subject to applicable securities law requirements. All Shares acquired by Planet pursuant to the Renewed NCIB will be returned to treasury and cancelled.  

 

About the Company

Planet Ventures Inc. is an investment issuer listed on the CSE that is focused on investing in disruptive companies and industries that have high growth potential. Planet Ventures’ unique portfolio driven investment policies provide its investors with access to emerging and high-growth opportunities while shielding them from any formidable downside. For more information, please visit Planet Ventures’ website: https://planetventuresinc.com/.

  

ON BEHALF OF THE COMPANY

 

“Etienne Moshevich”

 

Etienne Moshevich

Chief Executive Officer

 

FOR FURTHER INFORMATION, PLEASE CONTACT

 

PLANET VENTURES INC.

Tel: (604) 681-0084

Email: info@planetventuresinc.com

   

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. Please also make reference to those risk factors referenced in the “Risk Factors” section of the Company’s most recently filed management’s discussion and analysis.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date hereof or as of the date specified in such statement. The forward-looking information and forward-looking statements contained herein include, but are not limited to: the timing of the Renewed NCIB, the amount of Shares to be purchased under the Renewed NCIB, the appointment of Ventum Financial Corp., the termination date of the Renewed NCIB and the return to treasury or cancellation of the Shares. Readers are cautioned that the forward-looking statements above do not contain an exhaustive list of the factors or assumptions that may affect the forward-looking statements, and that the assumptions underlying such statements may prove to be incorrect. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.

 

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR DISSEMINATION IN THE UNITED STATES