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Alpha Peak Leisure Inc. Closes Private Placement

RICHMOND, British Columbia, Sept. 15, 2017 (GLOBE NEWSWIRE) -- Alpha Peak Leisure Inc. (TSX-V:AAP) (the “Company”) is pleased to announce that it has closed, effective September 14, 2017, its previously announced non-brokered private placement (“Private Placement”) for gross proceeds of Cdn$1,739,383.43 by the issuance of 7,730,593 common shares of the Company at a subscription price of Cdn$0.225 per common share.

/EIN News/ -- No finder’s fees will be paid in connection with the Private Placement. The net proceeds from the Private Placement will be used principally for general working capital purposes. All securities issued in connection with the Private Placement are subject to a four-month plus one day statutory hold period expiring January 15, 2018, in accordance with applicable securities legislation.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and will not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

About Alpha Peak Leisure Inc.

The Company, via its wholly-owned subsidiary, Total Wonder Enterprises Limited, has a 40-year operating and development right with the Hailuo Valley Scenic Area Administration for Swallows’ Gully, a national scenic location in China encompassing an area of approximately 593km. Located in Ganzi Tibetan Autonomous Prefecture in Sichuan and within a cluster of highly frequented tourist landmarks, Swallows’ Gully is recognized as one of the most pristine and beautiful scenic sights in China.


“Lawrence Tang”
Lawrence Tang
Chief Financial Officer

For more information, please contact:

Lawrence Tang; Chief Financial Officer
Tel: (852) 9334-2863

Forward-Looking Statements:

Certain statements contained in this press release constitute forward-looking statements or forward-looking information for the purposes of applicable Canadian securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or future performance relating to the Company which are subject to various risks and uncertainties. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking statements and are based on Alpha Peak’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those assumptions and factors are based on information currently available to Alpha Peak. The forward-looking information contained in this release is made as of the date hereof and Alpha Peak is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions underlying the forward-looking statements contained herein, investors should not place undue reliance on such statements. The foregoing statements expressly qualify any forward-looking statements contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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