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| Home : Peak Closes CAD$85K Bridge Financing |
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Jul 18
2013 |
Peak Closes CAD$85K Bridge Financing |
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MONTREAL, QUEBEC--(Marketwired - July 18, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced that it has closed a CAD$85,000 non-brokered bridge financing consisting in the issuance of 700,000 units (each "Unit" consists of one (1) common share and one half (1/2) of one 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) for gross proceeds of CAD$35,000, and CAD$50,000 in short-term promissory notes (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 previously announced proposed acquisition of LongKey Hong Kong Limited. |
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| Source:http://www.marketwire.com/mw/release.do?id=1812651&sourceType=3 |
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