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VANCOUVER, BC / ACCESSVIRE / November 29, 2022 / AMPD Ventures Inc. (CSE:AMPD)(OTCKB: AMPDF)(FRA:2K0) (“AMPD” or “Company“), a next-generation digital infrastructure provider, is pleased to announce that it has closed its second tranche of the company’s non-brokered private placement announced on October 25, 2022 (the “Private Placement”).
In connection with this second closing, the Company issued an additional 8,491,016 units at a price of CAN$0.14 per unit for gross proceeds of CAN$1,188,742. Each Unit consists of one common share of the Company (each Share) and one common share purchase warrant (each a “Share Warrant” and, collectively, a “Share Warrant”), each Share Warrant entitling the holder to subscribe for one common share (each a “Warrant Share” and, collectively, a “Warrant Share”) in the capital of the Corporation at an exercise price of CAN$0.20 per Warrant Share for a period of 24 months from the date of closing of the private placement.
To accommodate subscriber requests, AMPD is closing this second tranche, but will continue to accept investments up to $2,000,0000 and will extend our closing date to mid-December. To date, AMPD has closed a total of $1,560,742 for these first two tranches.
Anthony Brown, CEO commented: “We are pleased to have now closed over three quarters of our funding. With many new investors, several from Europe, it was great to see the growth of a wider global group of investors participating in this round. interest has been solid, especially considering the markets we’re all going through.”
In connection with the private placement, the Company paid certain finders CAN$71,505 in cash and 510,751 unit warrants as a finder’s fee.
All securities issued in the Private Placement are subject to a four-month and one-day waiting period and completion of the financing is subject to conditions, including, without limitation, the receipt of all regulatory approvals, including that of the Canadian Securities Exchange (“CSE”).
The company intends to use the proceeds from the private placement to develop the AMPD infrastructure, increase the number of employees and for general working capital purposes.
About AMPD Ventures Inc.
AMPD Ventures Inc. (“AMPD”) builds the world’s best set of tools and technologies for creating and distributing digital content. Through its operating subsidiaries, AMPD Technologies and Departure Lounge, AMPD advances the way we create and consume content. By combining the power of high-performance cloud computing approaches with world-leading media production technologies, AMPD enables companies to enter the next era of the Internet. The team at AMPD has been leading technology development in the gaming and digital media industry for nearly twenty years. AMPD was listed as a public company in 2019. Additional information about the company is available on SEDAR and on our website at http://www.ampd.tech.
For additional information on AMPD Ventures Inc., please visit http://www.ampd.tech or contact Neil Simon, CEO, Investor Cubed Inc., Phone: +1 (647) 258-3310, Email: [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Anthony Brown”
Anthony Brown
CEO & Director
AMPD Ventures Inc.
Phone: +1 (604) 332-3329
Warning statement
Forward-looking statements
Certain statements made herein may contain forward-looking statements or information within the meaning of applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans,” “anticipated,” “anticipated,” “budget,” “planned,” ” estimates,” “anticipates,” “intends,” “anticipates,” or “believes” or negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “could” or “will” be undertaken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information regarding the completion of further tranches of the Private Placement and the proceeds raised therefrom and the use of the proceeds of the Private Placement .
Forward-looking statements and forward-looking information are by their nature based on assumptions and involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to differ materially from any future results. , performance. or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about forward-looking statements and information, including the ability to complete additional tranches of the private placement and the use of proceeds from the private placement. Although our management believes that the assumptions made and expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information will prove to be correct. Furthermore, if one or more risks, uncertainties or other factors materialize, or if underlying assumptions prove incorrect, actual results may differ materially from those described in the forward-looking statements or information. These risks, uncertainties and other factors include the inability to complete additional tranches of the Private Placement, those factors discussed in the section entitled “Risk Factors” in the Company’s Form 2A Listing Statement dated October 17, 2019 and “Risk and Uncertainties” u Latest Company Management Discussion and Analysis filed on SEDAR.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the statements or information contained herein. Except as required by law, we do not expect to continually update forward-looking statements and information as conditions change, and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with Canadian securities regulatory authorities.
All forward-looking statements and information contained in this Release are qualified by this cautionary statement.
SOURCE: AMPD Ventures Inc.
See the original version on accesswire.com:
https://www.accessvire.com/729384/AMPD-Ventures-Announces-the-Closing-of-the-Second-Tranche-of-Their-Private-Placement
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