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| Home : Peak Closes CAD$100K Financing |
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Sep 24
2013 |
Peak Closes CAD$100K Financing |
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MONTREAL, QUEBEC--(Marketwired - Sept. 24, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced that it has closed a non-brokered financing consisting in the issuance of 1,500,000 units at $0.05 per unit ("Unit") for gross proceeds of CAD$75,000 and CAD$25,000 in short-term promissory notes (together the "Financing"). Each unit ("Unit") consists of one (1) common share and one (1) common share purchase warrant. Each common share purchase warrant entitles its holder to purchase one common share of Peak, at the price of $0.10, for a 12 month period following the closing date. 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 for general working capital purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=1833969&sourceType=3 |
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