Peak Closes CDN$150K Private Placement
MONTREAL, QUEBEC -- (Marketwire) -- 01/25/13 -- 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.
A finder's fee consisting of a cash payment equal to 8% of the gross
proceeds raised was paid to eligible persons in connection with the
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. (TSX VENTURE:PKK) is a Canadian
software developer for smartphones and other mobile computing
devices, conducting business primarily in China and North America. In
association with its partner, LongKey-Hong Kong Ltd, the company has
developed a suite of applications for mobile devices that includes:
cloud-based calendar, e-mail and contacts synchronization, automated
device configuration, and HomeWave(TM) mobility security. While
LongKey markets the applications in China through its partnerships
with major Chinese telecommunication companies and banks, Peak plans
to similarly market the applications for its own account in North
America. For more information: www.peakpositioning.com.
Neither the TSX Venture Exchange, Inc. nor its Regulation Service
Provider (as that term is defined under the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of the contents of this press release.
CHF Investor Relations
Associate Account Manager
Peak Positioning Technologies Inc.
President and CEO
514-340-7775 ext.: 501
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