Pond Technologies Announces Unit Offering

CALGARY, May 31, 2019 /CNW/ - Pond Technologies Holdings Inc. (the "Company"), (TSX.V: POND) announces that it intends to raise up to CAD$2,400,000 by way of a non-brokered private placement (the "Offering") of units to accredited investors, where a unit (a "Unit") consists of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") of the Company. On May 1, 2019, the Company filed a price reservation form with the TSX Venture Exchange (the "TSXV") to price protect the placement of up to 3,200,000 units at a price of $0.75 per Unit. Proceeds will be used for continuing capital programs and general corporate purposes.

Each Warrant will entitle the holder to purchase one Common Share upon payment of $1.00 per Common Share. The Warrants will expire on the date that is the earlier of (i) 30 days after the date on which the Company gives notice to the holders of the Warrants after the Common Shares have traded at a closing price of greater than $1.25 per Common Share for 10 consecutive trading days on the TSXV and (ii) the date that is two years after the date that the Warrant is issued (the "Expiry Time"). Any Warrants not exercised prior to the Expiry Time shall be deemed to be void and of no further force and effect.

Closing of the Offering is subject to TSXV approval.

About Pond Technologies Inc:
Located in Markham Ontario, Pond is a technology company that provides profitable solutions to the global health and wellness challenges of climate change and nutrition. Pond's proprietary growth platform, including patented advanced photonics, optimizes key growth inputs in order to provide a controlled environment that maximizes the growth of algae and other organisms. This enables industrial emitters to generate new revenue streams from the transformation of underutilized CO2 to valuable algae-based products, such as protein for animal feed and nutraceutical products like Chlorella, Spirulina, and Astaxanthin for human consumption. For more information visit https://www.pondtech.com/.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

SOURCE Pond Technologies Holdings Inc.

Steve Martin, Chief Executive Officer, at [email protected], 416-287-3835 ext. 201; Chris Cory at [email protected], 416‐287‐3835 ext. 215