AMPD Ventures Announces $2 Million Private Placement
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VANCOUVER, BC / ACCESSWIRE / November 26, 2019 / AMPD Ventures Inc. "AMPD" or the "Company", (CSE:AMPD)(FRA:2Q0) intends to complete a non-brokered private placement of up to 5,000,000 units at a price of CAD 40 cents per unit for gross proceeds of up to CAD $2,000,000. Each unit will be composed of one common share and one-half common share purchase warrant. Each warrant is exercisable to purchase one common share of the company at a price of CAD 60 cents per share for a period of 18 months from the date of closing of the private placement.
The private placements are subject to Canadian Stock Exchange approval, and all securities are subject to a four-month hold period. Finders' fees will be payable in connection with the private placements, all in accordance with the policies of the Canadian Stock Exchange and applicable securities laws.
The proceeds from this private placement will be used for expansion, key staff hiring, and general working capital purposes.
ON BEHALF OF THE BOARD of DIRECTORS
AMPD Ventures Inc.
"Anthony Brown" Anthony Brown CEO & Director
For more information on AMPD visit https://www.ampd.tech
SOURCE: AMPD Ventures Inc.
News Source: Issuer Direct
27.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: AMPD Ventures Inc.
United States EQS News ID: 922403 End of News DGAP News Service