PKK

Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK)
today announced that it has signed a $3 million debt financing term sheet with a
Toronto-based institutional investment firm (the "Investor").


Subject to satisfactory due diligence by the Investor, Peak and the Investor
have agreed to enter into a 3 year loan agreement for a principal amount of up
to $3 million (the "Agreement"). The loan bears an interest rate of 8% per
annum. Interest payments for the first 12 months are payable in advance at the
time of the loan disbursement and monthly thereafter. The principal amount is
payable at the end of the term and the loan is secured by the aggregate of
Peak's tangible and intangible assets. The Agreement also calls for the Investor
to receive, subject to TSX Venture approval, 500,000 shares of Peak at the
closing of the transaction, plus the equivalent of 10% of the principal amount
of the loan in bonus shares of Peak at a deemed price per share equal to the
average closing price of Peak's shares for the 10 trading days immediately
preceding the closing date of the transaction.


"This transaction, when it closes, will provide us with the financial resources
needed to achieve our remaining key objectives for 2013. These are to complete
the LongKey acquisition, launch AiNi(TM) as a pre-installed platform on China
Unicom smart devices in Guangdong, and enter into an agreement with a North
American network operator for the distribution of AiNi(TM) in North America",
said Johnson Joseph, President and CEO of Peak. "By achieving these objectives
and finishing the year on a positive note, we'll be in excellent position to
have a strong start to the 2014 fiscal year", he went on to say.


About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. (TSX VENTURE:PKK), is a Canadian software
developer for mobile smart devices, and application provider to mobile network
operators (MNO) worldwide. In association with its partner, LongKey-Hong Kong
Ltd, the company has developed the AiNi(TM) Mobile Cloud platform. AiNi(TM) is
an enhanced version of the mobile smart device O/S equally designed for the
benefit of consumers and MNOs, and marketed to MNOs as a solution to increase
and maintain their mobile subscriber bases. AiNi(TM) comes with a suite of
standard applications and features and offers MNOs the possibility to have
additional custom applications and features developed and integrated to the
platform. For more information: http://www.peakpositioning.com.


Forward-Looking Statements / Information

This news release may include certain forward-looking information, including
statements relating to business and operating strategies, plans and prospects
for revenue growth, using words including "anticipate", "believe", "could",
"expect", "intend", "may", "plan", "potential", "project", "seek", "should",
"will", "would" and similar expressions, which are intended to identify a number
of these forward-looking statements. Forward-looking information reflects
current views with respect to current events and is not a guarantee of future
performance and is subject to risks, uncertainties and assumptions. The Company
undertakes no obligation to publicly update or review any forward-looking
information contained in this news release, except as may be required by
applicable laws, rules and regulations. Readers are urged to consider these
factors carefully in evaluating any forward-looking information.


The TSX Venture Exchange has in no way passed upon the merits of this
transaction and 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jeanny So
Director of Operations
CHF Investor Relations
416-868-1079 ext.: 225
jeanny@chfir.com


Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
514-340-7775 ext.: 501
investors@peakpositioning.com

Grafico Azioni Peak Positioning Technologies (TSXV:PKK)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Peak Positioning Technologies (TSXV:PKK)
Storico
Da Giu 2023 a Giu 2024