AAPKI Ventures Inc. announce a non-brokered private placement of unsecured convertible debentures with an aggregate principal amount of up to CAD 500,000 on March 18, 2024. The debenture will convert into units at a conversion price of CAD 0.05 per unit. Each unit will be comprised of one common share and one share purchase warrant.

The warrants are exercisable at CAD 0.05, granting the holder the right to purchase additional common shares for a period of 3 years following the issuance. The debentures mature on the date that is 12 months from the date of issuance and bear interest at a rate of 10% per annum from the closing date, payable on the earlier of the maturity date or the conversion date.