RICHMOND, British Columbia, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Alpha Peak Leisure Inc. (TSX-V:AAP) (the “Company”) is pleased to announce that the Company has agreed on terms for a non-brokered private placement (“Private Placement”) of common shares with Ms. Yuxiu Zhao, a director of the Company.
Under the agreed terms, Ms. Zhao will subscribe for 7,730,593 common shares of the Company at a price of Cdn$0.225 per common share for total gross proceeds of Cdn$1,739,383.43. The Private Placement is subject to a number of conditions, including, without limitation, the receipt of conditional approval of the TSX Venture Exchange for the Private Placement.
The proceeds of the Private Placement will be used principally for general working capital purposes.
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.
“Kenneth Poon”
Kenneth Poon
Chief Executive Officer
For more information, please contact:
Kenneth Poon; Chief Executive Officer
Tel: (852) 2529-6111
ken.poon@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. In particular, statements in this press release that constitute forward-looking statements include the expected closing date of the Private Placement and the expected use of proceeds from the Private Placement. 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.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be affected or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
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.