AMPD Ventures Inc. announced a private placement to issue up to 7,142,858 units at a price of CAD 0.14 per unit for aggregate proceeds of up to CAD 1,000,000 on August 4, 2022. Each Unit will be comprised of one common share of the company and one common share purchase warrant, with each Unit Warrant entitling the holder to subscribe for one common share in the capital of the corporation at an exercise price of CAD 0.20 per warrant share for a period of 18 months following the date of the closing of the private placement. As part of this transaction, the company may enter into finder's fee agreements with certain finders, paying to such finders up to 7% of the portion of the private placement raised via finders in cash and warrants, or in shares. The private placement is subject to regulatory approval and all securities issued will be
subject to a four-month hold period.