AMPD Ventures Inc. Announces Closing of First Tranche of Previously Announced Non-Brokered Convertible Debenture Financing - Seite 2
The Company intends to use $420,750 of the net proceeds from the Private Placement for general working capital purposes and $110,000 of the net proceeds from the Private Placement to pay bona fide debt and net salary owed to certain of its employees and contractors.
All securities issued in the First Tranche Closing will be subject to a four-month hold period.
Additional details regarding the Private Placement, and the securities issuable pursuant to the Private Placement, are included in the Company's news release dated March 29, 2023.
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.
About AMPD Ventures Inc.
AMPD Ventures Inc. is a Canadian public company (CSE: AMPD | OTCQB: AMPDF | FRA: 2Q0) assembling a portfolio of synergistic subsidiaries to advance the way we create, distribute, and consume digital content. We aim to build the world's most advanced, sustainable range of infrastructure, technologies, and creative services for the new era of immersive content experiences. The AMPD portfolio is currently comprised of AMPD Technologies Inc. (http://www.ampd.tech), offering edge-based hosting solutions, and Departure Lounge Inc. (http://www.dlxr.ca), focused on next-generation media production and creative services. Across the portfolio, AMPD Ventures works with leading partners and customers such as Advanced Micro Devices Inc. (NASDAQ: AMD), Epic Games, Inc., Equinix, Inc. (NASDAQ: EQIX), Hammerspace Inc., HTC Corp (TPE: 2498), Intel Corporation (NASDAQ: INTC), NVIDIA Corporation (NASDAQ: NVDA), OpenStack, Unity Software Inc. (NYSE: U), and Versatile Media.
Additional information about the company is available on SEDAR and our website at http://www.ampd.ventures.
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Further Information: Neil Simon, CEO, Investor Cubed Inc. | Tel: +1 (647) 258-3310 | nsimon@investor3.ca.
Media Requests: Kajol Bhatia | Marketing & Communications Lead | +1 (604) 332-3329 | ir@ampd.ventures.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ "James Hursthouse"