AAPKI Ventures Inc. announced a non-brokered private placement of 58,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,900,000 on May 13, 2024. Pursuant to the terms of the financing, each unit consists of one common share in the equity of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.06 per share for a period of two years from the closing of the financing.

Warrants are subject to a four-month acceleration upon the shares trading for 10 consecutive days at CAD 0.25 or more. Any securities issued as a result of the financing will be subject to a statutory hold period. The financing is subject to exchange policies.

Certain officers of the company have acquired units in the financing.