MARKHAM,
ON, Oct. 25, 2022 /CNW/ - Pond Technologies
Holdings Inc. ("Pond") (TSXV: POND) (OTCQB: PNDHF) (FSE:
400), an ESG company addressing global sustainability
challenges of wellness and climate change, announces that, in
respect of Pond's non-brokered private placement previously
disclosed in its press releases dated September 6, 2022 and September 28, 2022, the TSX Venture Exchange has
granted an extension to the deadline for filing final documentation
from October 24, 2022 to November 4, 2022. The extension will allow Pond
to finalize remaining subscriptions and coordinate an orderly
closing of its final tranche by such date.
About Pond Technologies Holdings
Inc.:
Located in Markham, Ontario,
Pond is a technology leader in controlled environment cultivation
of microalgae. In over ten years of R&D, Pond has developed a
robust disruptive technology platform based on artificial
intelligence, proprietary LED lights and patented
CO2-Management. The use of concentrated CO2
from industrial waste streams enables Pond to boost the
productivity of microalgae well beyond the capacity of outdoor
algae growers and allows industrial emitters to abate and
ultimately recycle CO2. Pond is currently selling
microalgae-derived antioxidant astaxanthin under its Regenurex
brand. As micro-algae are becoming increasingly important in
pharmaceuticals and cosmetics, nutraceuticals, human nutrition,
aqua farming, bioplastics and biofuels, Pond has begun to license
its technology to third parties for ongoing license fees and
royalties. Pond recently added a Biotech division focused on the
growth of unique strains of micro-algae to be used as a
reproductive medium for the expression of human anti-bodies and
proteins.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Pond Technologies Holdings Inc.
