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Alaska Pacific Energy Corp Announces A Deal To Exchange Much Of Its Third Party Non Affiliated Debt Into Convertible Preferred Stock.
Alaska Pacific Energy Corp Announces A Deal To Exchange Much Of Its Third Party Non Affiliated Debt Into Convertible Preferred Stock..
About this update from Alaska Pacific Energy Corp.
[{"type":"text","content":"\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n X-NONE\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n MicrosoftInternetExplorer4\n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\nAlaska Pacific Energy Corp Announces\nA Deal To Exchange Much Of Its Third Party Non Affiliated Debt Into\nConvertible Preferred Stock.\n\nMay\n10, 2017\n\nOTC Disclosure & News\nService\n\nLake Worth, FL -\n\nAlaska\nPacific Energy Corp Announces A Deal To Exchange Much Of Its Third Party Non\nAffiliated Debt Into Convertible Preferred Stock.\n\n\n\n\n\nMay\n10, 2017\n\n \n\nDEL RAY BEACH, Fl., May. 10,\n2017\n\n\n\n\n\nDEL RAY BEACH, Fl., May. 10th,\n2017 /RSS FEED -- Alaska Pacific Energy Corp. (OTC PINK: ASKE) is pleased\nto announce that it has a reached a deal with all most of its third party\nnon affiliated debt holders to exchange the notes for convertible preferred\nstock which is an equity instrument for the public company. The preferred shares\ndo not allow its holders to simply self convert without an issuance resolution\nfrom management and this is important because the securities would otherwise\nclassified as derivative liabilities. The opinion of management and it's\noutside consultants is that Alaska Pacific Energy Corp needs to build a strong\nbalance sheet now that assets and equity are being contemplated in future\nacquisitions. The fact that our debt holders are prepared to exchange their\nnotes for equity instruments is a tremendous step in the right direction.\n\n \n\n Furthermore Alaska\nPacific Energy Corp believes that its shareholders will be best served in\nseeing fundamental changes to the consolidated financial statements of the\ncompany. The company's expectation is to increase shareholder equity which\nmanagement believes will embolden investor confidence. \n\n\n\n\n\nThe company will release more\nnews and updates in the coming days and weeks as it directly relates to its\nconsolidated financial statements and all such events related to the\noperations of Alaska Pacific Energy Corp.\n\n\n\n\n\nFORWARD-LOOKING INFORMATION\n\nSafe Harbor Statement:\n\n\n\n\n\nThis release may include\n\"forward looking statements\" within the meaning of Section 27 A of\nthe Securities Act 1933 as amended, and Section 21 E and/or 27 E of the Securities\nExchange Act ...