AmmPower Corp. announced a private placement to issue 8% convertible promissory note for the gross proceeds of $65,000 on January 29, 2024. The transaction included participation from individual investor Benninger.

The note bears 8% interest rate and will mature on from July 23, 2024. The notes are convertible into common shares. The note is subject to Canadian Securities Exchange.

The transaction has been approved by the directors of the company.