Vancouver, British Columbia–(Newsfile Corp. – February 10, 2022) – Planet X II Capital Corp. (TSXV:PLXX.P) (the “Society“) is pleased to announce that it has completed an IPO on February 10, 2022 (the “Offer“) in British Columbia, Alberta and Ontario of 2,000,000 common shares (“Ordinary actions“) in the capital of the Company at a price of $0.10 per common share for gross proceeds of $200,000 pursuant to a final prospectus dated November 15, 2021 (the “Prospectus“). Following the closing of the offering, a total of 4,100,000 common shares are issued and outstanding, of which 2,100,000 are currently escrowed pursuant to the policies of the TSX Venture Exchange (the “TSX-V“), as indicated in the Prospectus.

The net proceeds of the offering, together with proceeds from prior sales of common shares, will be used by the Company to identify and value assets or businesses to be acquired in order to complete a qualifying transaction under the capital company program. startup of the TSX-V.

Pursuant to the agency agreement dated November 15, 2021, Research Capital Corporation (the “Agent“) acted as agent for the offer. In connection with the offer, the Company granted to the agent, options to acquire up to an aggregate of 200,000 common shares at a price of 0, $10 per common share for a period of 24 months from the date the common shares are listed for trading on the TSX-V. In addition, the agent also received a cash commission of $20,000 $, representing 10% of the total gross proceeds of the offering and corporate financing fees of $12,500 plus applicable taxes.

At the closing of the Offer, the Company also granted stock options (the “Choice“) to the directors of the Company to acquire up to an aggregate of 405,000 common shares. Each option may be exercised to acquire one common share at a price of $0.10 at any time prior to February 10, 2032. The options will be held in escrow in accordance with the policies of the TSX Venture Exchange, as disclosed in the prospectus.

The TSX-V has accepted the Company’s listing application and the Common Shares are expected to resume trading on the TSX-V at the open of trading on February 14, 2022, under the symbol PLXX.P. The Company’s CUSIP is 72706M107 and the ISIN is CA72706M1077.

For more information, please see the Prospectus, which is available under the Company’s profile on SEDAR at

About the company

The Company is a seed capital company (“CPC“) within the meaning of the policies of the TSX Venture Exchange which has not commenced trading and which has no assets other than cash. The current directors and officers of the Company are: Bassam Mubarak (CEO, Chief Financial Officer, Corporate Secretary and Director), Paul Matysek (Director) and Dino Minicucci (Director) Except as expressly provided in the CPC policies of the TSX-V, until the completion of its “Qualifying Transaction” (as defined herein), the Company will not engage in any activity, other than the identification and evaluation of businesses, activities or assets with a view to effecting a proposed “qualifying transaction”. .

For more information, please contact the company: Bassam Mubarak at 604-618-4919 or email:

On behalf of the Board of Directors ofPlanet X II Capital Corp.

Bassam Mubarak


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.

This press release contains forward-looking statements subject to risks and uncertainties. All statements contained herein, other than statements of historical fact, should be considered forward-looking. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, the continued availability of capital and financing, and general economic, market or business conditions. There can be no assurance that such statements will prove to be accurate and, therefore, readers are urged to rely on their own assessment of such uncertainties. We assume no obligation to update forward-looking statements.


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