Peak Positioning Technologies closes $230K private placement

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By CPE News

Montreal (pcJ News Briefs) – Peak Positioning Technologies Inc. (CSE: PKK; OTCPK: PKKFF) has completed a private placement of1,533,333 units at $0.15 per unit for gross proceeds of $230,000.00

Each unit is comprised of one common share and one common share purchase warrant entitling the warrant holder to purchase one common share at a price of $0.20 for a twenty month period.
The securities issued pursuant to the Financing are subject to a hold period expiring four (4) months and one day from the date of closing.

Peak Positioning Technologies will use the proceeds to finalize a transaction in which it will acquire the rights to a fintech commercial lending platform and for working capital purposes.

Peak Positioning Technologies Inc. is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing.

photo credit: Peak Positioning