Alaska Pacific Energy Corp. has expanded the focus of examining their funding options to include Project Funding. The Company has previously announced that it intended on funding their upcoming oil projects by offering restricted shares of common stock. Since the company's recently announced commitment to exhaust all efforts to once again become a reporting company, the company has been offered various additional funding options. Company President Dominick Falso is currently examining Project Funding.
Project Funding includes the lender as an equity partner on a specific project rather than in the company. Mr. Falso said, "This would help preserve the common stock value, rather than having large blocks of stock out there...even though the stock can not be traded for at least one year from issuance, one year will pass soon enough. One of the problems that I see in the past of our company is the dilution of the common stock that occurred. We are committed to not letting history repeat..."
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Alaska Pacific Energy Corp.
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