AMPD Ventures Inc. (CNSX:AMPD) announced a private placement of up to 5,666,666 units at a price of CAD 0.15 per unit for aggregate proceeds of CAD 850,000 on March 5, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common shares at an exercise price of CAD 0.25 for a period of 36 months from the date of closing.

The transaction is subject to regulatory approval and all securities issued will be subject to a four-month hold period.