DGAP-News: AmmPower Corp.: AmmPower Announces Private Placement Offering
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The Company intends to use the net proceeds raised from the Offering for general working capital purposes.
DGAP-News: AmmPower Corp. / Key word(s): Offer AmmPower Corp.: AmmPower Announces Private Placement Offering 16.09.2022 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. AmmPower Announces Private Placement Offering TORONTO, ON / ACCESSWIRE / September 15, 2022 / (CSE:AMMP)(OTCQB:AMMPF)(FSE:601A) AmmPower Corp. (the "Company" or "AmmPower") is pleased to announce that it intends to complete a non-brokered private placement consisting of units of the Company at a price of $0.23 per unit (the "Unit") with expected, aggregate gross proceeds up to CAD$2,500,000, with each Unit comprised of one common share of the Company (each, a "Share") and one common share purchase warrant of the Company (each, a "Warrant"), with each Warrant entitling the holder to acquire one (1) Share (each, a "Warrant Share") at a price of C$0.31 per Warrant Share for a period of twenty-four (24) months (the "Offering"). The Company intends to use the net proceeds raised from the Offering for general working capital purposes. All securities issued in the Offering will be subject to a statutory four month hold period. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the CSE. This news release does not constitute an offer to sell or a solicitation of an offer to buy any 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. On Behalf of the Board of Directors About AmmPower For More Information please visit www.ammpower.com, or contact AmmPower Investor Relations: +1 248-662-5565, [email protected] Forward-Looking Statements The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release. SOURCE: AmmPower Corp.
16.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | AmmPower Corp. |
Toronto, ON | |
Canada | |
EQS News ID: | 1443913 |
End of News | DGAP News Service |
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1443913 16.09.2022 CET/CEST