MONTREAL, QC / ACCESSWIRE / April 5, 2016 / Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Peak" or the "Company") today announced that Zhonghai Wanyue Group Chairman, Mr. Jiang Wang, will travel to Canada on April 11 to meet with Peak management to officially mark the closing of the partnership between Peak and the Zhonghai Wanyue Group.
Peak is taking advantage of Mr. Wang's rare visit to North America to host a private lunch in Montreal on April 11 to celebrate its new partnership with the Zhonghai Wanyue Group and introduce Mr. Wang to select members of the Canadian financial services industry. During the event, Mr. Wang will give a brief presentation on the Zhonghai Wanyue Group and on his plans for the partnership with Peak going forward. Immediately following the event, the presentation will be made available on the Peak website at www.peakpositioning.com, which was recently revamped to better reflect Peak's new partnership with the Zhonghai Wanyue Group and to provide up-to-date news on the Company's future developments.
Peak recently received a small portion of the CAD$3.8M transfer required to officially close the transaction between the parties as a test to ensure the accuracy of the wire transfer details, and now expects the balance of the transfer to be completed by Friday April 8. A news release to confirm the completion of the funds transfer and provide the final details of the private placement will therefore be issued by the Company by April 8 at the latest.
Exercise of Warrants
Peak also announced today that on March 11, 2016 and April 1, 2016 the Company issued 423,400 common shares and 320,000 common shares respectively as a result of the exercise of 743,400 warrants at $0.025 per share for gross proceeds of $18,585.
About Peak Positioning Technologies Inc.:
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. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world's fastest growing economy. For more information: http://www.peakpositioning.com
Contact information:
Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: [email protected]
Or
Carl Desjardins
Managing Partner
Paradox Public Relations Inc.
Phone: 514-341-0408
Email: [email protected]
Or
Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: [email protected]
SOURCE: Peak Positioning Technologies Inc.