News Column

Peak to Compensate Newfield in Shares

Jul 5 2013 12:00AM

Marketwire

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MONTREAL, QUEBEC -- (Marketwired) -- 07/05/13 -- Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE: PKK) today announced that it will issue 317,500 common shares to Newfield Partners, LLC ("Newfield") at a deemed price of $0.08 per share as compensation for consulting services provided to Peak in accordance with the share compensation arrangement made between Peak and Newfield first announced on June 12, 2013. Peak deals at arm's length with Newfield, and the shares issued pursuant to the arrangement are subject to a hold period expiring four (4) months and one day from the date of their issuance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Jeremy Hill
Account Manager
CHF Investor Relations
416-868-1079 x238
jeremy@chfir.com

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





Source: Marketwire


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