Alaska Pacific Energy Corp. ASKE: OTC Pink The co
Post# of 98051
Alaska Pacific Energy Corp. ASKE: OTC Pink
The company's move into mining and exploration is based on management's desire to deliver a quality investment opportunity that reflects the changing economic times. The company began exploring domestic oil and/or gas opportunities in January of 2013. The company also offers assessment consulting on mineral rights and correlating lease viability.
Alaska Pacific Energy Corp. focuses on the acquisition, exploration, and development of mineral properties in Canada. Molybdenum Mineral Claims The company has an option agreement to acquire a 100% interest in a total of 61 mineral claims in Whitton Gayhurst Townships, in the Province of Quebec, Canada. It owns 44 mineral claims and has an option to purchase the remaining 17 claims. Molybdenum The company’s primary focus with respect to its mineral claims is the exploration for molybdenum and the development of a commercial molybdenum mining operation. History Alaska Pacific Energy Corp. was founded in 2005.
Alaska Pacific Energy Corp Engaged RBSM to Conduct Audit
Mar 18, 2013
OTC Disclosure & News Service
Sunrise, FL -
Alaska Pacific Energy Corp Engaged RBSM to Conduct Audit
Miami Fl. March 18, 2013. Alaska Pacific Energy Corp. (PINKSHEETS: ASKE) announced today that it has retained the services of RBSM LLP- Accountants and Advisors. The scope of the engagement is to conduct an audit of the company’s financials. The purpose of the audit is to assist the company in becoming once again listed as an OTCQB Company. As an OTCQB company, the company is required to have its financial reports audited by a Public Company Accounting Oversight Board Accounting Firm (PCAOB). These financial reports as well as disclosure and other reports are filed with the Securities Exchange Commission. http://www.otcmarkets.com/companies-advisors/otcqb.
RBSM LLP is a certified public accounting firm with operating offices in major cities in the United States, Europe & Asia. The firm provides professional accounting, auditing and tax services to a number of publicly held businesses as well as privately held companies. http://www.rbsmllp.com/about-us-overview.php .
“I see this as a workable task” Said Alaska Pacific President Dominick Falso. “Although any time there is a management change…like we have gone through, understanding the accounting that was done by the predecessors can have its challenges… but we have spent enough time going through the company records…and they appear to be in proper order… we feel comfortable that the records are certainly auditable. I am very happy that we were able to engage RBSM. They are a world class firm.”
The company will be working with Managing Partner Peter Stefano. Peter has thirty years of experience in serving the audit and accounting needs of domestic and international public and privately-held enterprises. Peter has made presentations at a number of conferences addressing topics affecting enterprises seeking to access the public markets as well as challenges facing current registrants. http://www.rbsmllp.com/about-us-member-stefanou.php .
In July of 2011, the company filed a form 15 with the SEC, voluntarily becoming delisted from the QB. When new management took over Alaska Pacific in December of last year the company was listed as a Limited Information Company on OTC Markets. The company then completed all the necessary tasks to once again regain its status of “OTC Pink Current Information” on the OTC Market. At that point Company President Dominick Falso indicated that“… it just makes sense for the company to determine whether continuing the remediation of the company’s OTC status back to the QB is a fiscally sound idea.”
As an “OTC Pink Current Information” company, the company is currently required to post quarterly and annual financial and disclosure reports on the OTC Markets site. This information is then available for the public (investors) to examine. As an OTCQB company, the company will be required to have its financial reports audited by a Public Company Accounting Oversight Board Accounting Firm (PCAOB). These financial reports as well as disclosure and other reports are filed with the Securities Exchange Commission. http://www.otcmarkets.com/companies-advisors/otcqb .
“There is additional expense in becoming and maintaining QB ranking” said Mr. Falso, “I have examined the options…it is time to act… It appears that the return to a reporting status is within our reach and a worthwhile project…”
Safe Harbor Statement: This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT: Alaska Pacific Energy Corp.
Dominick Falso, President (954) 793-0657
www.alaskapacificenergy.com (web site under revision; not totally up to date.)
info@Alasksapacificenergy.com
Alaska Pacific Energy Exploring Project Funding
Mar 08, 2013
OTC Disclosure & News Service
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Alaska Pacific Energy Exploring Project Funding
PR Newswire
MIAMI, March 8, 2013
MIAMI, March 8, 2013 /PRNewswire/ -- Alaska Pacific Energy Corp. (OTCPINK: ASKE) announced yesterday that it has expanded the focus of examining their funding options to include Project Funding. The Company has previously announced that it intended on funding their upcoming oil projects by offering restricted shares of common stock. Since the company's recently announced commitment to exhaust all efforts to once again become a reporting company, the company has been offered various additional funding options. Company President Dominick Falso is currently examining Project Funding.
Project Funding includes the lender as an equity partner on a specific project rather than in the company. Mr. Falso said, "This would help preserve the common stock value, rather than having large blocks of stock out there...even though the stock can not be traded for at least one year from issuance, one year will pass soon enough. One of the problems that I see in the past of our company is the dilution of the common stock that occurred. We are committed to not letting history repeat..."
In spite of the fact that the company is actively investigating opportunities in several areas, Mr. Falso sees the Eagle Ford Shale projects as being at the top of the list. "You have Eagle Ford Shale and then you have conventional drilling projects," said Mr. Falso. "They (Eagle Ford Shale Wells) are typically a lot more expensive...in every way...lease acquisition, drilling, completion...but they also typically are well worth the cost. As long as oil stays above sixty five dollars per barrel, we should be able to make a go of it. Funding of the projects has been no small issue, of course...but now we are talking to people that appear to be willing to fund based on the strength of the deal...so we are busy looking for the best deal...the best value."
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT: Alaska Pacific Energy Corp.
Dominick Falso, President (954) 793-0657
www.alaskapacificenergy.com (web site under revision; not totally up to date.)
info@Alaskapacificenergy.com
SOURCE Alaska Pacific Energy Corp.
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