Alaska Pacific Energy Corp Announces That It Will Decrease Its Authorized Capital From 15 Billion Down To 7.5 Billion Shares.
May 19, 2017
OTC Disclosure & News Service
Alaska Pacific Energy Corp Announces That It Will Decrease Its Authorized Capital From 15 Billion Down To 7.5 Billion Shares.
May 19, 2017
DEL RAY BEACH, Fl., May. 19, 2017
DEL RAY BEACH, Fl., May. 19, 2017 /RSS FEED -- Alaska Pacific Energy Corp. (OTC PINK: ASKE) is pleased to announce that it will decrease its authorized capital from 15 billion to 7.5 billion shares. Additionally aside from the corporate resolution from management to lower the authorized capital, the updates will be posted on OTC Markets so that the company is fully transparent in announcing the reduction. The company believes that a decrease in the authorized capital is just the beginning of a stated objective of increasing shareholder equity.
Furthermore Alaska Pacific Energy Corp anticipates making some structural changes to management. Aside from the changes in capital formation, starting with the decrease in the authorized capital, Company President Dominick Falso, is expected to announce his resignation within the next few weeks. The Company is currently reviewing a short list of replacement candidates more suited to the new objectives & agenda of Alaska Pacific Energy Corp moving forward.
The company will release more news and updates in the coming days and weeks as it directly relates to these aforementioned developments and all such events related to the operations of Alaska Pacific Energy Corp.
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
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