Jun 20, 2017
OTC Disclosure & News Service
Lake Worth, FL –
Alaska Pacific Energy Corp Is Pleased To Announce That Most Of The Company’s Existing Debt Obligations, Have Been Exchanged For Convertible Preferred Stock.
June 20, 2017
OTC Disclosure & News Service
DEL RAY BEACH, Fl., June 20, 2017

DEL RAY BEACH, Fl., June 20, 2017 /RSS FEED —  Alaska Pacific Energy Corp. (OTC PINK: ASKE) is pleased to announce that in keeping with its desired objective to become a business development corporation, the company has successfully negotiated the exchange of well up to 90% of their existing debt obligations into convertible preferred stock.
The convertible preferred stock is equity to the company, as the aforementioned securities require issuance resolutions from management. This will help solidify the financial statements of the company as Alaska Pacific Energy Corp looks to decrease its current debt obligations. The next step for the public company is to increase cash or cash equivalents on its balance sheet, so that the company can proceed to a PCAOB audit. Additionally the company’s authorized capital will revert back to 15 billion shares, which was a prerequisite for concluding the exchange agreements for equity with the debt holders. 

FORWARD-LOOKING INFORMATION
Safe Harbor Statement:

This release may include “forward looking statements” within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and/or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include, but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties
  
Copyright © 2017 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Copyright © 2017 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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