RE:RE:RE:Lonkey is huge once deal is complete the sp will fly
Peak arranges $3.5-million private placement
2015-03-19 09:29 ET - News Release
Mr. Johnson Joseph reports
PEAK SIGNS FINANCING ENGAGEMENT LETTER WITH JONES GABLE TO CLOSE LONGKEY ACQUISITION
Peak Positioning Technologies Inc. has signed a letter of engagement with Jones, Gable and Company Ltd. (JGCL) to have JGCL act as lead agent, on a best-efforts basis, for a financing to be closed concurrent to Peak's acquisition of LongKey Hong Kong Ltd.
Terms of offering and eligibility to participate
The proposed financing is a private placement consisting in the sale of units, to be priced in context of market conditions, for gross proceeds of a maximum of $3.5-million. Each unit of the offering will consist of one common share and one common share purchase warrant. Each common share purchase warrant will entitle its holder to purchase one common share of Peak, at a price to be negotiated between JGCL and Peak, for a period of 24 months following the closing date.