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AMPD Ventures Announces up to $2 Million Private Placement Financing
Wednesday, November 2, 2022Company Profile | Follow Company
Vancouver, BC, November 2, 2022--(T-Net)--AMPD Ventures Inc. (CSE: AMPD) (OTCQB: AMPDF), a next-generation digital infrastructure provider, announced its intention to conduct a non-brokered private placement financing through the sale of up to 14,285,715 units of the Company's securities at a price of $0.14 per Unit for aggregate proceeds up to $2 million.
Each Unit will be comprised of one common share of the Company and one common share purchase warrant, with each Unit Warrant entitling the holder to subscribe for one Common Share in the capital of the Company at an exercise price of CAN$0.20 per Warrant Share for a period of 24 months following the date of the closing of the Private Placement.
The Company intends to use the proceeds from the Private Placement for the deployment of AMPD infrastructure in additional geographic locations, to increase headcount, and for general working capital purposes.
About AMPD Ventures Inc.
AMPD is a next-generation infrastructure company specializing in providing high-performance computing solutions for low-latency applications. With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centres, AMPD is leading the transition to the next generation of computing infrastructure as 'the hosting company of the Metaverse.' Through a mix of infrastructure as a service ("IaaS") and an upgraded, high-performance cloud offering, we are meeting the low-latency requirements of multiplayer video games and eSports, computer graphics rendering, artificial intelligence, machine learning, mixed reality, big data processing, and the as-yet uncharted technological developments of the coming decades. Additional information about the company is available on SEDAR and our website at http://www.ampd.tech.
As part of this transaction, the Company may enter into finder's fee agreements with qualified finders, in accordance with securities laws and the policies of the Canadian Stock Exchange.
The Private Placement is subject to regulatory approval and all securities issued will be subject to a four-month hold period.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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Forward Looking Statements This news release contains statements and information that constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of our management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances and at the date that such statements are made, but which may prove to be incorrect. Forward looking information in this news release includes statements about management's intended use of the proceeds of the Private Placement, and management's ability to complete the Acquisition, and management's plans to accelerate the rollout of AMPD's High-Performance Edge computing environments around the world, and any other statements that are not statements of historical fact. [ MORE ] |
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Vancouver (InfoTech)
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