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| Home : Peak Signs Engagement Letter With Avenue Capital Markets |
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Sep 27
2011 |
Peak Signs Engagement Letter With Avenue Capital Markets |
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MONTREAL, QUEBEC--(Marketwire - Sept. 26, 2011) - Peak Positioning Technologies Inc. (TSX VENTURE:PKK) ("Peak" or the "Corporation"), is pleased to announces that it has entered into an agreement with Avenue Capital Markets (the "Agent") to proceed with a private placement on a "best efforts" basis for gross proceeds of $1,000,000 to $3,000,000 (the "Offering"). The Offering will consist of the issuance of units (the "Units"), at a price to be determined prior to October 10, 2011, in the context of the market (the "Offering Price"). Each Unit will be comprised of one common share in the capital of Peak and one-half common share purchase warrant. Each share purchase warrant will entitle its holder to purchase one common share at a price equal to 150% of the Offering Price for a period of 18 months following the closing of the Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1565514&sourceType=3 |
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