Alaska Pacific Energy Corp. (OTC Pink: ASKE) is engaged as a diversified holding company, which primarily focuses on natural resources. Shares of the natural resource company are jumping 50%, through afternoon trading on Wednesday, June 7, 2017. Over the past month, Alaska Pacific Energy Corp. announced it has seen average daily volume of 91.89 million shares on the day. Overall, the stock has seen volume of 159.26 million shares or dollar volume of $47,778, has already exchanged hands on Wednesday.
Shares of Alaska Pacific Energy Corp. are soaring today, after the company announced that it is in the advanced stages of acquiring RoofTop Communications, LLC and is currently conducting its due diligence on the Letter of Intent. Management says they plan to release additional updates on the due diligence and whether the deal will be finalized:
Alaska Pacific Energy Corp. Press Release:
DEL RAY BEACH, Fl., June 5, 2017 /RSS FEED — Alaska Pacific Energy Corp. (OTC PINK: ASKE) is pleased to announce that in keeping with its desired objective to become a business development corporation, the company is in the advanced stages of acquiring a profitable tech company as a wholly owned subsidiary. RoofTop Communications LLC and its wholly owned subsidiaries are interested in going public but would prefer the relative stability of a forward acquisition and spin out at a later date than a reverse merge into a public company of their own. At present, Alaska Pacific Energy Corporation is in the due diligence phase of its Letter Of Intent, and is perusing the aforementioned tech company’s financial statements.
The company will be making a further announcement once the transaction is finalized and It is anticipated that the due diligence review will be completed by mid week. 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.
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 Â© 2017 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.