Alpha Peak Leisure Inc. Closes Private Placement
September 15, 2017 – Alpha Peak Leisure Inc. (TSX-V: AAP) (the “Company”) is pleased to announce that it has closed, effective September 14, 2017, its previously announced non-brokered private placement (“Private Placement”) for gross proceeds of Cdn$1,739,383.43 by the issuance of 7,730,593 common shares of the Company at a subscription price of Cdn$0.225 per common share.
No finder’s fees will be paid in connection with the Private Placement. The net proceeds from the Private Placement will be used principally for general working capital purposes. All securities issued in connection with the Private Placement are subject to a four-month plus one day statutory hold period expiring January 15, 2018, in accordance with applicable securities legislation.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and will not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
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.
Chief Financial Officer
For more information, please contact:
Lawrence Tang; Chief Financial Officer
Tel: (852) 9334-2863