Planet Organic Health Corp.
TSX VENTURE : POH.H

Planet Organic Health Corp.

January 15, 2014 17:42 ET

Planet Organic Health Corp. Early Warning Reports Issued Pursuant to National Instrument 62-103

CALGARY, ALBERTA--(Marketwired - Jan. 15, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Planet Organic Health Corp. ("Planet" or the "Company") (TSX VENTURE:POH.H) - Mr. Ron Francisco, President and Chief Executive Officer of Planet, reports that in accordance with regulatory requirements, Horizon Distributors Ltd., a company which is majority owned and controlled by Mr. Francisco, ("Horizon") has acquired 354,050 common shares of the Company since December 7, 2012, being the date the Company resumed trading after disposing of its assets in 2010, which represents 10.2% of the outstanding common shares. Prior to the purchases, Horizon owned and controlled 1,188,750 common shares, and now holds 1,542,800 common shares, which represents 44.5% of the outstanding common shares of the Company.

The Company also reports that Eclipse Holdings Limited ("Eclipse"), a private company 100% owned and controlled indirectly by Mr. Francisco, has filed an early warning report with respect to its purchase of 68,520 common shares in December of 2011, representing approximately 1.97% of the Company's outstanding common shares at the time. Eclipse now holds 1,103,669 common shares of the Company, which represents 31.8% of the outstanding common shares of the Company.

Horizon and Eclipse collectively own and control an aggregate of 2,646,469 common shares of the Company representing approximately 76.3% of the outstanding common shares.

The securities acquired by Horizon and Eclipse are held for investment purposes. In the future, Horizon or Eclipse may increase or decrease its respective ownership of securities of the Company from time to time depending upon the business and future market conditions.

A copy of the early warning reports filed pursuant to Regulation 62-103 may be obtained on SEDAR.

Neither the 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.

Cautionary and Forward-Looking Statements

The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Contact Information

  • Planet Organic Health Corp.
    Ron Francisco
    President & CEO
    (416) 564-0620