MP

MicroPlanet Technology Corp. ("MicroPlanet" or the "Corporation") (TSX
VENTURE:MP)(PINKSHEETS:MCTYF) a provider of smart grid and power quality
technology and products, which significant increases efficiency, quality and
conservation of electricity and enables the integration of alternative energy
into the power grids is pleased to announce the closing of the first tranche of
its previously announced non-brokered private placement. The Corporation issued
4,995,673 Units at a price of $0.05 per Unit for gross proceeds of
CDN$249,783.71. Each Unit was comprised of one common share in the capital of
the Corporation and one common share purchase warrant. Each warrant entitles the
holder to acquire one common share in the capital of the Corporation at any time
until the date that is 36 months following the closing date upon payment of the
exercise price of $0.05 per common share. 


The Units were sold pursuant to applicable registration and prospectus
exemptions to qualified investors in Canada and the United States. The common
shares comprising the Units and any common shares acquired pursuant to the
exercise of the warrants are subject to a four-month hold period in accordance
with applicable securities laws. 


About MicroPlanet Technology Corp.

MicroPlanet Technology Corp. is a smart grid, energy conservation company, whose
technology regulates voltage steplessly with unrivaled speed and accuracy.
MicroPlanet solutions improve power quality and save energy by dynamically
managing voltage through the use of patented, advanced power electronics.
MicroPlanet's technology solutions has been deployed in seven countries by more
than 20 utilities, the U.S military and multiple commercial customers to manage
voltage on networks, save energy, improve power quality and grid efficiency and
to facilitate the integration of renewable energy sources, including solar and
wind. MicroPlanet is based in Seattle, WA and is listed on the TSXV and trades
on the OTC under the stock symbol: MP and MCTYF, respectively.
www.microplanet.com 


FOR FURTHER INFORMATION PLEASE CONTACT: 
MicroPlanet Technology Corp.
Joe Tanner
President & Chief Executive Officer
360-910-1600
425-984-2746 (FAX)
jtanner@MicroPlanet.com


MicroPlanet Technology Corp.
Ed Garth
Chief Financial Officer
206-790-7790
425-984-2746 (FAX)
egarth@microplanet.com
www.microplanet.com

(TSXV:MP)
Historical Stock Chart
From May 2024 to Jun 2024

(TSXV:MP)
Historical Stock Chart
From Jun 2023 to Jun 2024