Calgary, Alberta--(Newsfile Corp. - March 3, 2020) - Mr. Ron Francisco, President and Chief Executive Officer of Planet Health Corp. (TSXV: PHL.H) (the "Corporation"), announces it has received $50,000 from a related party director as an unsecured loan, bearing no interest and without stated terms of repayment. The related party also paid general and administrative expenses on behalf of the Corporation in the amount of $16,286. The net amount owing to the related party after giving effect to this and previous advances, is $654,564. As noted in the Corporation's interim financial statements for the period ended December 31, 2019 (available for review on ), the Corporation is dependent upon its existing shareholders to fund operating expenditures in order to continue as a going concern. A major shareholder has directly paid and/or committed to paying certain costs on behalf of the Corporation. Accordingly, the Corporation is economically dependent on this related party.
For further information, please contact:
Planet Health Corp.
Ron Francisco, President & CEO
Suite 1150, 707 - 7 Avenue SW
Calgary, Alberta T2P 3H6
Phone: (403) 237-0018
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
To view the source version of this press release, please visit
