Announcement • Sep 10
American Premium Mining Corporation has entered into a term sheet to acquire 10% stake in New Energy Asia Pacific Company Limited from Lik Fong HK Limited. American Premium Mining Corporation has entered into a term sheet to acquire 10% stake in New Energy Asia Pacific Company Limited from Lik Fong HK Limited on September 9, 2022. Announcement • May 10
American Premium Water Corporation completed the acquisition of CloudXchange DataCentre Pte Ltd from Chan Heng Fai. American Premium Water Corporation agreed to acquire CloudXchange DataCentre Pte Ltd from Chan Heng Fai for $45.6 million on April 24, 2022. The purchase price of the transaction will be at a consideration of $45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, American will issue restricted common shares of equivalent value to Chan Heng Fai, Ambrose (the “Seller”), the sole shareholder of CloudX. As part of the terms of the acquisition agreement, the Seller has provided APW with a guarantee to generate a minimum of $1.5 million in earnings before interest, taxes, depreciation and amortization (“EBITDA”) for CloudX SG within the first 12 months from June 2022 or upon the full delivery of the mining rigs (miners). In the event that the EBITDA of CloudX SG falls short of $1.5 million, a guaranteed top-up for any shortfall amounts up to $1.5 million will be borne by the Seller. With the acquisition of CloudX, the Company will be focusing on the crypto-mining sector, and intends to change its name to “American Premium Mining Corporation.” American Board of Directors has approved the acquisition of 100% ownership of CloudXchange.
American Premium Water Corporation completed the acquisition of CloudXchange DataCentre Pte Ltd from Chan Heng Fai on May 9, 2022. Announcement • Apr 25
American Premium Water Corporation agreed to acquire CloudXchange DataCentre Pte Ltd from Chan Heng Fai for $45.6 million. American Premium Water Corporation agreed to acquire CloudXchange DataCentre Pte Ltd from Chan Heng Fai for $45.6 million on April 24, 2022. The purchase price of the transaction will be at a consideration of $45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, American will issue restricted common shares of equivalent value to Chan Heng Fai, Ambrose (the “Seller”), the sole shareholder of CloudX. As part of the terms of the acquisition agreement, the Seller has provided APW with a guarantee to generate a minimum of $1.5 million in earnings before interest, taxes, depreciation and amortization (“EBITDA”) for CloudX SG within the first 12 months from June 2022 or upon the full delivery of the mining rigs (miners). In the event that the EBITDA of CloudX SG falls short of $1.5 million, a guaranteed top-up for any shortfall amounts up to $1.5 million will be borne by the Seller. With the acquisition of CloudX, the Company will be focusing on the crypto-mining sector, and intends to change its name to “American Premium Mining Corporation.” American Board of Directors has approved the acquisition of 100% ownership of CloudXchange. 
