Guess what day it isPeak Closes Non-Brokered Private Placement Montreal, Quebec--(Newsfile Corp. - July 22, 2020)
- Peak Positioning Technologies Inc. (CSE: PKK) (OTCQB: PKKFF) ("Peak" or the "Company") today announced that it has sold 50,000,000 units ("Units") for gross proceeds of $1,000,000, representing the first tranche of a non-brokered private placement where the Company will sell a total of up to 100,000,000 Units for gross proceeds of $2,000,000 ("Offering").
Each Unit is priced at $0.02 and is composed of one common share and one common share purchase warrant ("Warrant"), each Warrant entitling the holder to acquire one common share at a price of $0.025 for a period of 24 months following the closing date. The common shares issued in connection with the private placement are subject to a hold period of four months and one day after the closing date. The proceeds of the Offering will be used for working capital purposes and to help fuel the Company's expansion plan.