|
MONTREAL, QUEBEC--(Marketwire - Dec. 13, 2011) - Peak Positioning Technologies Inc., (TSX VENTURE:PKK) ("Peak" or the "Corporation"), is pleased to announce today the closing of the brokered private placement initially announced in the Corporation's September 26, 2011 news release, with Avenue Capital Markets Inc. (the "Agent") of 9,180,000 units (the "Units") to various investors at a price of $0.10 per Unit for gross proceeds of $918,000 (the "Private Placement"). Each Unit is composed of one common share and one half share purchase warrant with each warrant exercisable for one common share at a price of $0.15 per share until December 13, 2013. |
