PKK to be Listed on OTCQB Exchange in the US Montreal, Quebec--(Newsfile Corp. - June 14, 2020) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that it has begun the process to have its shares listed for trading on the OTCQB stock exchange in the US.
Peak's shares are currently listed on the OTC Market's Pink exchange, which provides some measure of limited and restricted US trading. By upgrading the listing of its shares to the OTCQB, the Company will look to remove those limits and restrictions and gain access to a new pool of prospective US. investors.
Granting of Incentive Stock Options
Pursuant to the Company's stock option plan, Peak has granted a total of 14,110,000 incentive stock options to certain directors, officers and key employees in Canada and China to purchase common shares of the Company at a price of $0.05 per shares. The stock options will vest over a period of two years and will expire in June 2025.
Update on Q1 2020 Financial Statement Filings
The Company also advised that it will now file its first quarter 2020 financial results on June 29, 2020 rather than on June 18, 2020. The revised filing date will be the day prior to the Company's 2020 AGM, during which the results and the impact of the COVID-19 pandemic on the Company's operations in the first quarter will be discussed.