AMPD Ventures Inc. announced a non-brokered private placement of 14,285,715 units at a price of CAD 0.14 per Unit for aggregate proceeds up to CAD 2,000,000 on October 24, 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 company at an exercise price of CAD 0.20 per warrant share for a period of 24 months following the date of the closing of the transaction. As part of this transaction, the company may enter into finder's fee agreements with qualified finders, in accordance with securities laws and the policies of the Canadian Stock Exchange.

The transaction is subject to regulatory approval, including approval of the Canadian Securities Exchange and all securities issued will be subject to a four month hold period.