Alpha Peak Leisure Inc. Closes Private Placement
16 September 2017 - 5:30AM
Alpha Peak Leisure Inc. (TSX-V:AAP) (the
“
Company”) is pleased to announce that it has
closed, effective September 14, 2017, its previously announced
non-brokered private placement (“
Private
Placement”) for gross proceeds of Cdn$1,739,383.43 by the
issuance of 7,730,593 common shares of the Company at a
subscription price of Cdn$0.225 per common share.
No finder’s fees will be paid in connection with the Private
Placement. The net proceeds from the Private Placement will be used
principally for general working capital purposes. All securities
issued in connection with the Private Placement are subject to a
four-month plus one day statutory hold period expiring January 15,
2018, in accordance with applicable securities legislation.
The securities described herein have not been registered under
the U.S. Securities Act of 1933, as amended, and will not be
offered or sold in the United States unless registered under the
Act or unless an exemption from registration is available.
About Alpha Peak Leisure Inc.
The Company, via its wholly-owned subsidiary,
Total Wonder Enterprises Limited, has a 40-year operating and
development right with the Hailuo Valley Scenic Area Administration
for Swallows’ Gully, a national scenic location in China
encompassing an area of approximately 593km. Located in Ganzi
Tibetan Autonomous Prefecture in Sichuan and within a cluster of
highly frequented tourist landmarks, Swallows’ Gully is recognized
as one of the most pristine and beautiful scenic sights in
China.
ON BEHALF OF THE BOARD OF DIRECTORS OF ALPHA PEAK
LEISURE INC.
“Lawrence Tang”Lawrence TangChief Financial Officer
For more information, please contact:
Lawrence Tang; Chief Financial Officer Tel: (852)
9334-2863lawrence.tang@alphapeak.ca
Forward-Looking Statements:
Certain statements contained in this press
release constitute forward-looking statements or forward-looking
information for the purposes of applicable Canadian securities laws
(collectively, “forward-looking statements”). These forward-looking
statements relate to future events or future performance relating
to the Company which are subject to various risks and
uncertainties. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated” and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
statements and are based on Alpha Peak’s current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. Various assumptions or
factors are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking statements.
Those assumptions and factors are based on information currently
available to Alpha Peak. The forward-looking information contained
in this release is made as of the date hereof and Alpha Peak is not
obligated to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions underlying the forward-looking
statements contained herein, investors should not place undue
reliance on such statements. The foregoing statements expressly
qualify any forward-looking statements contained herein.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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