AMPD Ventures Inc. Announces Launch of New, Investor-Focused Website - Provides Additional Corporate Updates - Seite 2

On April 11, 2023, AMPD Ventures announced that it had closed the first tranche of its previously announced non-brokered private placement of convertible debenture units (the "Units") at a price of CA$11,000 per Unit for aggregate gross proceeds of up to CA$770,000, which had since been upsized to provide for the issuance of Units for aggregate gross proceeds of up to CA$880,000 (the "Private Placement"). The first tranche of the Private Placement was comprised of the issuance of 50 Units for aggregate gross proceeds of CA$550,000.

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.

Further Information: Neil Simon, CEO, Investor Cubed Inc. | Tel: [phone] | [e-mail].

Media Requests: Kajol Bhatia | Marketing & Communications Lead | [phone] | [e-mail].

Cautionary Statement

Forward-Looking Statements

Certain statements in this news release may contain "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"). Often forward-looking statements can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "intends", "anticipates", or the negatives or variations of such words and phrases, or statements that certain actions or results "may", "could", "might" or "will" be taken or be achieved. Forward-looking statements herein include without limitation statements about the market's response to the proposed activities of AMPD Ventures and its subsidiaries.