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| Home : Peak Closes CAD$100K Bridge Financing and Hires Newfield Partners as Financial Consultant |
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May 14
2013 |
Peak Closes CAD$100K Bridge Financing and Hires Newfield Partners as Financial Consultant |
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MONTREAL, QUEBEC--(Marketwired - May 13, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced that on April 30, 2013 it closed a CAD$100,000 non-brokered bridge financing consisting in the issuance of 900,000 common shares at $0.05 per share for gross proceeds of CAD$45,000 and CAD$55,000 in short-term promissory notes, for which the Company also issued 220,000 in bonus common shares (the "Financing"). The securities issued pursuant to the Financing are subject to a hold period expiring four (4) months and one day from the date of closing. Peak intends to use the proceeds of the Financing to help cover some of the expenses related to its recently announced proposed acquisition of LongKey Hong Kong Limited ("LongKey"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1790112&sourceType=3 |
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