PET Peat Resources Ltd. (delisted)

Peat Resources Limited (TSX VENTURE:PET) announces that it has closed a
brokered, best efforts private placement for proceeds of $130,000. The placement
consists of 2,600,000 units @ $0.05 per unit. Each unit consists of one common
share and one common share purchase warrant. Each warrant is exercisable for two
years from the closing date at an exercise price of $0.10 per common share. The
Agent, IBK Capital Corp., was paid a cash commission of 10% of the amount raised
from Canadian sources (10% of $62,000, or $6,200 plus taxes and disbursements)
and 10% of that Canadian amount in the form of broker's warrants exercisable for
four years at $0.06.


Peat Resources Limited was formed to explore, develop and produce peat fuel - a
sustainable bioenergy resource. During recent months, the Company has been
investigating development of value-added biocarbon derivatives from peat pellets
such as activated carbon for which there is growing demand for many industrial
and domestic applications including water purification systems. Proceeds of the
financing will be used for working capital to advance these development
initiatives.

Grafico Azioni Peat Resources Limited (TSXV:PET)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Peat Resources Limited (TSXV:PET)
Storico
Da Giu 2023 a Giu 2024