NOT FOR DISSEMINATION IN THE UNITED STATES
ALASKA HYDRO ANNOUNCES PRIVATE PLACEMENT
February 22, 2018 – Vancouver, British Columbia – Alaska Hydro Corporation (the “Company”) wishes to announce a private placement (the “Offering”) of up to 4,000,000 units (the “Units”) at a price of $0.05 per Units for gross proceeds of up to $200,000. Each Unit is comprised of one common share of the Company (“Share”) and one non-transferable warrant (“Warrant”). Each Warrant is exercisable for a period of three years to acquire one Share at an exercise price of $0.08 per Share.
The proceeds received by the Company from the sale of the Units will be used for general corporate purposes. All securities issued under the Offering will be subject to a four-month hold period in accordance with applicable securities laws. The Offering remains subject to final approval of the TSX Venture Exchange.
For further information, please contact:
Cliff Grandison, President
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.