AMPD Ventures Inc. (CNSX:AMPD) announced a private placement of 12,000,000 units at a price of CAD 0.25 per unit for gross proceeds of up to CAD 3,000,000 on March 29, 2021. 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 0.40 per warrant share for a period of 24 months following the date of the closing of the transaction. The expiry date of the unit warrants may be accelerated at the option of the company if, at any time prior to the expiry of the unit warrants, the volume weighted average trading price of the underlying common shares on the Canadian Securities Exchange is or exceeds CAD 0.75 for a period of ten consecutive trading days. The company will pay finder’s fee comprised of either a cash commission of up to 7% of the gross proceeds raised by finders, and that number of finder's warrants, with the same terms as the Unit Warrants, equal to up to 7% of the number of units sold on the portion of the private placement raised by finders, or issue shares to finders equal to up to 7% of the number of units sold on the portion of the private placement raised by finders at an issue price of CAD 0.25 per share. The transaction is subject to regulatory approval and all securities issued will be subject to a four-month and one day hold period.