Planet Organic Health Corp.
TSX VENTURE : POH.H

Planet Organic Health Corp.

July 04, 2013 14:52 ET

Planet Organic Health Corp.: Corporate Update

CALGARY, ALBERTA--(Marketwired - July 4, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Planet Organic Health Corp. (TSX VENTURE:POH.H), Mr. Ronald Francisco, President and Chief Executive Officer of Planet Organic Health Corp. (the "Corporation"), announces that the Corporation has advanced a partial re-payment to a related party shareholder in the amount of $155,692 with respect to an accrued shareholder loan. After giving effect to the payment, approximately $98,681 remains outstanding and due to the related party. The remaining amount due to the related party is unsecured, bears no interest, and is without stated terms of repayment. Please refer to the Corporation's interim financial statements for the period ended March 31, 2013, which are available on www.sedar.com, for full details of the amounts due to the related party.

Corporate Activity

The Corporation, which is listed on the NEX board of the TSXV, currently has no operating assets or business. The Corporation will remain on the NEX until it acquires new assets or businesses, which would result in the Corporation once again meeting the TSXV's minimum listing requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Planet Organic Health Corp.
    David D. Heighington
    Director
    (403) 237-0018
    (403) 264-5444 (FAX)