Surrey, BC, March 18, 2024 (GLOBE NEWSWIRE) — AAPKI Ventures Inc., formerly Pushfor Tech Inc. (“AAPKI” or the “Company”) (CSE: APKI) (FFT: 64Q), is pleased to announce its intention to conduct a non-brokered private placement of unsecured convertible debentures (each a “Debenture”) with an aggregate principal amount (the “Principal Amount”) of up to $500,000. This Debenture will allow investors to convert their debentures into units of the Company at a conversion price of $0.05 per unit.
Each unit will be comprised of one common share and one share purchase warrant. The warrants are exercisable at $0.05, granting the holder the right to purchase additional common shares for a period of 3 years following the issuance.
The Debentures mature on the date (the “Maturity Date”) that is 12 months from the date of issuance (the “Closing Date”) and bear interest at a rate of 10.0% per annum from the Closing Date, payable on the earlier of the Maturity Date or the Conversion Date.
The proceeds of the financing will be used for the expansion of the Company’s business and for general corporate purposes.
On Behalf of the Board
Lucky Janda
CEO and Director
604 357 4730
About the Company
AAPKI Ventures Inc. is a diversified industry corporation and seeks investment in various projects and corporations to bring value to its shareholders.
Notice regarding Forward Looking Statements: This news release may contain forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, ‘project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. This news release includes forward-looking statements in respect to assumptions of successful completion of a change of name. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, these statements speak only as of the date of this news release. The Company disclaims any obligation to update forward looking information contained herein, except to the extent required by law.
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