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High Surf Alert $ATVK Has BREAKING NEWS!! Ameritek Ventures Signs Definitive Term Sheet for $16 Million Private Debenture Financing - Net Proceeds to Provide Working Capital to Drive Manufacturing and Production Plan Execution

LAS VEGAS, NV , April 25, 2018 (GLOBE NEWSWIRE) -- Ameritek Ventures (OTC: ATVK) (“the Company”), today announced that it has executed a binding term sheet on a private debenture financing that is expected to result in net proceeds of $16 million to Ameritek. The agreement includes provisions for the establishment of licensing agreements across multiple global jurisdictions that would provide additional capital from licensing fees to accelerate Ameritek’s commercial strategy.

“This funding represents a key milestone for Ameritek, as it will enable the Company to secure our manufacturing facility in Roanoke, Virginia, assembling of required equipment to produce optical fiber preforms at an initial annual run rate of 5 million kilometers,” commented Kenneth Mayeaux, Ameritek’s VP of Operations. “We are confident this extended operating runway and licensing opportunities will support a broad, global distribution of high-quality preforms produced in the Virginia facility, meeting the continued market demand for these vital components that are currently in short supply.”

Additional information on this transaction will be available on the Company’s current report on Form 8-K that will be filed with the U.S. Securities and Exchange Commission.

https://finance.yahoo.com/news/ameritek-ventures-signs-definitive-term-201104049.html