DEL RAY BEACH, Fla., Jan. 6, 2016 /PRNewswire/ -- The directors and management of Alaska Pacific Energy Corp. (OTC PINK: ASKED) announced today that the company has approved and enacted a 1 for 2500 Reverse Split which will become effective on December 28th, 2015. The effect of the reverse split will cause the stock price to become $0.25 per share for the company's common stock. The immediate recapitalization of the company's Common Stock will become 1,009,319 shares.
In Other News, the company continues to prepare the application to the SEC for a Reg A Offering. ASKE President Eric Weinberger indicated that he is "very optimistic for the Company's future. 2016 will be a year of new and positive occurrences within the Company."
The company will release news and updates as they progress with their planned endeavors.
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 © 2016 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alaska-pacific-energy-corporation-announces-execution-of-corporate-action-300200010.html
SOURCE Alaska Pacific Energy Corporation
Source: PR Newswire
(January 6, 2016 - 12:00 AM EST)
News by QuoteMedia
www.quotemedia.com
