Philippine Metals Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that the letter of intent (or "LOI") dated June 22, 2020 (see News Release dated June 25, 2020) between the Company and Bravo Zulu Drone Defense Inc. has expired. As a result, the Company has re-initiated the process of reviewing alternate transactions.ON BEHALF OF THE BOARD"Craig T. Lindsay"CEOFor additional information, please contact:Craig LindsayTel: (604)...
2020-10-05 6:44 PM EDT
Philippine Metals Announces Proposed Acquisition of BravoZulu Drone Defense Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2020) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to announce that it has entered into a letter of intent dated June 22, 2020 with Bravo Zulu Drone Defense Inc. (or "Bravo Zulu") pursuant to which the parties will, inter alia, negotiate a plan of arrangement agreement whereby PMI will acquire all of the outstanding shares of Bravo Zulu in exchange for shares of the Company (the "Acquisition"). ...
2020-06-25 1:30 PM EDT
Philippine Metals Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2020) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to provide the following corporate update.The Company has been advised by the TSX Venture Exchange (the "Exchange") that it does not currently meet the Continued Listing Requirements for a Tier 2 mining Issuer in accordance with Exchange Policy 2.5, Section 2.1. Therefore, the Exchange may place the Company on notice to transfer to NEX in the future, if the...
2020-04-28 9:49 PM EDT
Philippine Metals Announces Board Resignation
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2020) - Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that Mr. Paul Bains has resigned as a Director of the Company. The Company thanks Mr. Bains for his valuable contributions to the Company and wishes him well in his future endeavors.ON BEHALF OF THE BOARD"Craig T. Lindsay"Chief Executive OfficerFor additional information, please contact:Craig LindsayTel: (604) 218 0550 Neither TSX Venture Exchange nor its Regulation...
2020-01-17 5:12 PM EST
Letter of Intent to Acquire Labtronix Terminated
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") announces that the letter of intent ("LOI") to acquire Labtronix Inc. (see Company News Release dated June 25, 2019) has been terminated and the transactions contemplated therein will not proceed. Labtronix, doing business as Venom Extracts, breached a number of material conditions and covenants with respect to the LOI and PMI is reviewing its options with respect to...
2019-10-21 5:23 PM EDT
Acquisition Target Enters Nevada Market
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to update its shareholders on recent developments in connection with the proposed acquisition of Venom Extracts (see News Release dated June 25, 2019). Specifically, Venom Extracts (or "Venom") has now secured a lease on a new, ready to use, five thousand square foot cannabis extraction laboratory in Las Vegas, Nevada. This facility is fully licensed which...
2019-09-09 9:00 AM EDT
Philippine Metals Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") announces that it has closed the private placement financing announced on July 4, 2019. Specifically, PMI has issued 3,571,428 shares at a price of $0.07 per share for gross proceeds of $249,999.96. The net proceeds of the private placement will be used for general working capital purposes and to fund expenses related to the Transaction announced in the Company's news...
2019-08-20 1:41 PM EDT
Philippine Metals Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") announces that it will be proceeding with a non-brokered private placement of up to 3,571,425 shares at a price of $0.07 per share for gross proceeds of up to $249,999.75. The net proceeds of the private placement will be used to fund the costs related to the transaction announced in the Company's press release dated June 25, 2019 and for general...
2019-07-04 9:00 AM EDT
Philippine Metals Announces Proposed Acquisition of US Cannabis Extraction Business
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to announce that it has entered into a letter of intent dated June 24, 2019, with an Arizona company doing business under the name Venom Extracts ("Venom"), whereby PHI will acquire all of the outstanding shares of Venom in exchange for shares of the Company (the "Acquisition"). The Acquisition will constitute a reverse takeover ("RTO") of the Company. ...
2019-06-25 9:36 AM EDT
Philippine Metals Announces Appointment of Tracy Cairns to Board
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is very pleased to announce the appointment of Ms. Tracy Cairns to the Company's Board of Directors. Ms. Cairns was most recently the Director of Retail Sales at Aurora Cannabis Inc., where she was responsible for engineering and executing the Adult Use, Recreational Cannabis sales strategy in Canada. She championed Aurora's early market success and drove material...
2019-04-29 9:00 AM EDT
Philippine Metals Issues Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2018) - As a follow up to its news releases dated July 19, July 26 and August 30, 2018, Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to provide the following corporate update.Private Placement Financing: PMI has closed the private placement financing initially announced on July 19, 2018 with an increase announced on July 26, 2018. Specifically, PMI has issued 2,857,375 units at a price of $0.05 per...
2018-09-10 10:25 AM EDT
Philippine Metals Announces Amendment to Shares for Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2018) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") has, subject to TSX-V Exchange approval, amended the shares for debt settlement previously announced in the Company's July 19, 2018 press release. Specifically, the Company has reduced the amount of management fees being settled to $60,000 (from the previously announced sum of $70,000) in exchange for the issuance of 1,200,000 common shares at a deemed price of $.05...
2018-08-30 8:52 PM EDT
Philippine Metals Announces Increase to Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2018) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") has, subject to TSX-V Exchange approval, increased the non-brokered private placement, previously announced in the Company's July 19, 2018 press release, from up to 2,000,000 Units at $0.05 per Unit to up to 3,000,000 Units for gross proceeds of $150,000.The amended private placement will consist of 3,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to...
2018-07-26 1:49 PM EDT
Philippine Metals Announces Private Placement and Shares for Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2018) - Philippine Metals Inc. ("PMI" or the "Company") is pleased to provide the following announcements.Private Placement Financing: PMI will be proceeding with a non-brokered private placement of up to 2,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $100,000. Each Unit will include one common share of the Company and one half of one transferable common share purchase warrant (each full warrant, a "Warrant")....
2018-07-19 1:40 PM EDT