AMPD Ventures Inc. Retains Red Cloud Securities for Market Liquidity Services
Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here.
VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / AMPD Ventures Inc. (“AMPD” or the “Company”) (CSE: AMPD) (OTCQB: AMPDF) (FRA: 2Q0), a next-generation digital infrastructure provider, is pleased to announce that, subject to regulatory approval, it has retained the services of Red Cloud Securities (“Red Cloud”) to provide market making services to the Company in accordance with the policies and guidelines of the Securities Exchange (CSE) and other applicable laws. Red Cloud is a Toronto-based financial services company that helps businesses access capital markets and improve their business profile. Red Cloud will trade the shares of AMPD Ventures Inc. on the CSE for the purpose of maintaining a reasonable market and improving the liquidity of AMPD’s common shares.
Under the agreement, the Company will pay Red Cloud $ 5,000 per month during the Term, payable quarterly in advance. The term of the engagement is continuous and may be terminated by either party upon 30 days written notice. The Company and Red Cloud are at arm’s length, but Red Cloud and / or its customers may have an interest, directly or indirectly, in the securities of AMPD. The main purpose of the agreement is to maintain market stability and liquidity for the Company’s common shares and does not constitute a formal market making agreement. There is no performance factor contained in the agreement between Red Cloud and the Company and Red Cloud will not receive any shares or options from the Company in compensation for the services it provides.
About Red Cloud Securities
Red Cloud Securities Inc. is registered as a stockbroker in Ontario, Quebec. from Alberta and British Columbia and is a member of the Investment Industry Organization of Canada (IIROC). It focuses on providing comprehensive and unique capital market services and innovative financing alternatives. The company was founded by capital markets professionals who designed the company to serve small public and private businesses. This solution is a comprehensive platform that provides a full range of conflict-free enterprise access services. Offering these services as a unified platform is the ultimate value proposition for issuing clients.
About AMPD Ventures Inc.
AMPD is a next generation infrastructure company. With cutting-edge, high-performance IT solutions hosted in sustainable urban data centers, AMPD is leading the transition to the next generation of IT infrastructure. Through a combination of Infrastructure as a Service (“IaaS”) and an enhanced high-performance cloud offering, we meet the low latency requirements of multiplayer video games and esports, computer graphics rendering, computer graphics rendering, web streaming artificial intelligence, machine learning, reality, big data processing and the still unexplored technological developments of the coming decades. Additional information is available on SEDAR and on our website at www.ampd.tech.
For more information please contact Investor Cubed Inc.:
Neil Simon, CEO
Telephone: (647) 258-3310
Email: [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
/ s / “Anthony Brown”
CEO and director
AMPD Ventures Inc.
Email: [email protected]
This press release contains statements and information that constitute “forward-looking information” within the meaning of Canadian securities laws. Forward-looking information is based on the reasonable assumptions, estimates, analyzes and opinions of our management in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management considers relevant. and reasonable. under the circumstances on the date on which these statements are made, but which may prove to be inaccurate. The forward-looking information contained in this press release includes statements about the synergies expected from the acquisition and the benefits to our business that we expect from the addition of the departure lounge, and any other statements that are not statements. historical facts.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause AMPD’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the companies. forward-looking information. These factors include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties regarding the development and direction of cloud computing solutions; uncertain capital markets; other risks related to the inability of a party to meet its obligations under the share purchase agreement, as well as the factors discussed in the section entitled “Risk Factors” in the listing statement of the Company’s Form 2A dated October 17, 2019 and “Risks and Uncertainties” in the Company’s most recent MD&A filed on SEDAR.
Although the forward-looking information is based on the reasonable assumptions of our management at the date on which these statements are made, there can be no assurance that the acquisition will generate the expected benefits, or that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in this forward-looking information. Therefore, readers should not place undue reliance on forward-looking information. AMPD does not undertake to update or revise forward-looking information except in accordance with applicable securities laws. All forward-looking information contained in this press release is qualified by this cautionary statement.
THE SOURCE: AMPD Ventures Inc.
See the source version on accesswire.com: