|
| Home : Peak Announces CAD$1 Million Secured Convertible Debenture Offering |
|
Feb 11
2014 |
Peak Announces CAD$1 Million Secured Convertible Debenture Offering |
|
MONTREAL, QUEBEC--(Marketwired - Feb. 10, 2014) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) announces a non-brokered private placement offering of secured convertible debentures (the "Debentures") for a total amount of up to CAD$1 million (the "Offering"). The Debentures will pay an annual interest rate of 10%, will mature 24 months from the date of their issuance, will be secured by the aggregate assets of the Company, and will allow their subscribers to convert them into Common Shares of Peak at any time prior to maturity, subject to certain terms and conditions, at a price of CAD$0.05 per Common Share during the 12-month period immediately following their issuance and CAD$0.10 per Common Share thereafter until their maturity date. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1877426&sourceType=3 |
| |
|
Related News
|
» Peak annonce un placement de 1 Million $CAD en débenture convertible garantie
» Iranians Celebrate Anniversary of 1979 Revolution
|
|
|
