DEL RAY BEACH, Fla., Jan. 6, 2016 /PRNewswire/ -- The directors and management of Alaska Pacific Energy Corp. (OTC PINK: ASKED) announced today that the company has approved and enacted a 1 for 2500 Reverse Split which will become effective on December 28th, 2015. The effect of the reverse split will cause the stock price to become $0.25 per share for the company's common stock. The immediate recapitalization of the company's Common Stock will become 1,009,319 shares.
In Other News, the company continues to prepare the application to the SEC for a Reg A Offering. ASKE President Eric Weinberger indicated that he is "very optimistic for the Company's future. 2016 will be a year of new and positive occurrences within the Company."
The company will release news and updates as they progress with their planned endeavors.
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SOURCE Alaska Pacific Energy Corporation