AmmPower Announces Promissory Note
TORONTO, June 19, 2023 (GLOBE NEWSWIRE) — AmmPower Corp. (CSE: AMMP) (OTCQB: AMMPF) (FSE: 601A) (the “Company” or “AmmPower”) announces it has borrowed USD$50,000 (the “Loan”) from Dr. Gary Benninger and issued a promissory note to Dr. Benninger. The Loan bears interest at an annual rate of 8%, accruing daily and compounded monthly, is repayable on July 19, 2023, but can be extended 90 days, to October 17, 2023 (the “Maturity Date”). Subject to the approval of the Canadian Securities Exchange, the Loan and all related interest is convertible into common shares of the Company, at the election of Dr. Benninger, on or prior to the Maturity Date.