|By Marketwired .||
|July 3, 2014 03:39 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/03/14 -- Peak Positioning Technologies Inc. (TSX VENTURE: PKK) (PINK SHEETS: PKKFF) ("Peak" or the "Company") today announced that it has signed a letter of engagement with Industrial Alliance Securities Inc. ("IAS") to have IAS act as lead agent, on a best efforts basis, for a private placement financing of a minimum of CAD$500,000 up to a maximum of CAD$1,000,000 (the "Offering").
The Offering will consist of the issuance of up to 20,000,000 units (a "Unit") at the price of CAD$ 0.05 per Unit. Each Unit consists of one (1) common share and one (1) one common share purchase warrant. Each common share purchase warrant entitles its holder to purchase one common share of Peak, at the price of $0.10, for a twelve (12) month period following the closing date. Peak will pay IAS a cash commission fee equal to 10% of the gross proceeds of the Units sold under the Offering. Peak will also grant IAS compensation options entitling IAS to purchase a number of Peak common shares equal to 10% of the total number of Units sold under the Offering, exercisable at the price of CAD$ 0.05 per common share for an 18 month period following the closing date.
The proceeds of the Offering will be used to help fund the Company's planned acquisitions and for working capital purposes. The Offering is scheduled to close on or about July 31st, 2014 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month and one day hold period from the date of closing of the Offering.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. ("Peak"), (TSX VENTURE: PKK) (PINK SHEETS: PKKFF), is a management company whose wholly-owned subsidiary, Peak Positioning Corporation provides Web development services and develops mobile software platforms destined to mobile network operators worldwide. Peak aims to deliver value to its shareholders by assembling a portfolio of high-growth projects and companies in mobile, mobile e-Commerce, and Web development in North America and China. For more information: http://www.peakpositioning.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. 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.
Dec. 9, 2016 03:45 PM EST Reads: 558
Dec. 9, 2016 03:30 PM EST Reads: 1,224
Dec. 9, 2016 03:15 PM EST Reads: 975
Dec. 9, 2016 03:15 PM EST Reads: 852
Dec. 9, 2016 03:00 PM EST Reads: 351
Dec. 9, 2016 03:00 PM EST Reads: 2,007
Dec. 9, 2016 02:45 PM EST Reads: 622
Dec. 9, 2016 02:45 PM EST Reads: 1,032
Dec. 9, 2016 02:42 PM EST Reads: 182
Dec. 9, 2016 02:30 PM EST Reads: 788
Dec. 9, 2016 02:30 PM EST Reads: 1,258
Dec. 9, 2016 02:15 PM EST Reads: 811
Dec. 9, 2016 02:15 PM EST Reads: 368
Dec. 9, 2016 02:15 PM EST Reads: 1,289
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 9, 2016 02:15 PM EST Reads: 1,776