|
MONTREAL, QUEBEC--(Marketwired - April 17, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced that Essence International Capital Limited ("Essence") has completed its due diligence process as part of the USD$ 6 million financing agreement between the parties first announced in a press release dated December 20, 2012. While Peak's Chinese partner, LongKey Hong Kong Limited ("LongKey"), winds up its distribution agreement negotiations with one of China's largest mobile operators, Essence and Peak will now collaborate, on a best-efforts basis in accordance with the terms of their agreement, to close the financing in the shortest possible delay. |
