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| Home : Peak Closes CDN$150K Private Placement |
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Jan 26
2013 |
Peak Closes CDN$150K Private Placement |
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MONTREAL, QUEBEC--(Marketwire - Jan. 25, 2013) - Peak Positioning Technologies Inc. ("Peak") (TSX VENTURE:PKK) today announced that it has closed a non-brokered private placement and has issued 2,814,295 units for gross proceeds of $157,600.52. Each unit ("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 $0.15, for a 12 month period following the closing date. The securities issued pursuant to the Offering 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.marketwire.com/mw/release.do?id=1749935&sourceType=3 |
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