05:33 PM EDT, 07/03/2024 (MT Newswires) -- AAPKI Ventures ( PUSOF ) ,on Wednesday said it closed a previously announced non-brokered private placement and appointed a new chief executive.

The company raised $2 million from the placement of 58=million units priced at $0.05 and made up of a share and a two-year warrant to buy a second share for $0.06.

Proceeds of the financing will be used by the company to entertain project investment and working capital.

The company also said Marcus Withers has been named CEO. Withers has made a $2.5 million dollar investment to provide AAPKI ( PUSOF ) with starting capital to expand its venture and business development units and intends to execute within this sphere to build AAPKI ( PUSOF ) quickly towards expansion to succeed in the competitive landscape.

Additionally AAPKI ( PUSOF ) has named John Flynn as Chief Financial Officer. Flynn was the President, Chief Financial Officer and co-founder of Segmentz.