AMPD Ventures Announces the Closing of its Private Placement as Oversubscribed

News Release

VANCOUVER, BC / ACCESSWIRE / January 19, 2023 / AMPD Ventures Inc. (CSE:AMPD)(OTCQB:AMPDF)(FRA:2Q0) ("AMPD" or the "Company") is pleased to announce that it has closed its 4^th and final tranche of the Company's non-brokered private placement announced on October 25, 2022 (the "Private Placement").

In conjunction with the closing, the Company issued an additional 4,076,773 Units at a price of CAN$0.14 per Unit for gross proceeds of CAN$570,748, resulting in a total issuance for the Private Placement of 15,969,681 Units for total gross proceeds of CAN$2,235,755. The Private Placement was issued for CAN$2,000,000 and now closes as oversubscribed. Each Unit is comprised of one common share of the Company (each a ‘Share') and one common share purchase warrant (each a "Unit Warrant" and, collectively, the "Unit Warrants"), with each Unit Warrant entitling the holder to subscribe for one Common Share (each a "Warrant Share" and, collectively, the "Warrant Shares") in the capital of the Corporation 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. In connection with the fourth and final tranche Private Placement, the Company paid certain finders CAN$20,699 in cash, and 147,850 Unit Warrants as finder's fees, resulting in total finder's consideration across the Private Placement of CAN$111,752.71 in cash and 798,234 Unit Warrants.

All securities issued under the private placement are subject to a four-month and one day hold period, and completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Canadian Securities Exchange ("CSE").

The Company intends to use the proceeds from the private placement for the deployment of AMPD infrastructure, to increase headcount, and for general working capital purposes.

About AMPD Ventures Inc.
AMPD Ventures Inc. ("AMPD") is building the world's best suite of tools and technologies for digital content creation and distribution. Through its operating subsidiaries, AMPD Technologies Inc. and Departure Lounge Inc., AMPD is advancing the way that digital content is created and consumed. By combining the power of a high-performance-edge approach to cloud computing with world-leading media production technologies, AMPD enables companies to enter the next era of the internet. The team at AMPD has been leading technological developments within the games and digital media industries 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.