Vancouver, British Columbia, Canada – Tuesday, May 5, 2020 – PKS Capital Corp. (“PKS” or “the Company”, TSX Venture Exchange: PKS) is pleased to announce that the Company has received final TSX Venture Exchange acceptance for its non-brokered private placement of 1,100,000 common shares of the Company at a price of $0.10 per common share to raise gross proceeds of $110,000.
The Company intends to use the proceeds from the sale of the common shares for working capital purposes.
The Company paid $6,000 and issued 60,000 finder’s warrants as finder’s fees.
All securities issued are subject to a four-month hold period expiring on September 7, 2020.
on behalf of the board of PKS CAPITAL CORP.
Per: “Hari Varshney”
Hari Varshney
Chief Executive Officer
INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE. 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.