Peat Resources, announces that the Company is increasing the size of its previously announced brokered private placement of common shares of the Company led by IBK Capital Corp. The Offering will now consist of the sale of up to 15,000,000 common shares at a price of $0.05 per share for aggregate proceeds of the up to $750,000. In connection with the Offering, the Company has agreed to pay IBK Capital Corp. a cash [...]
Peat Resources is pleased to announce that it has signed a binding letter of intent pursuant to which the Company will acquire all of the issued and outstanding shares of Belair African Metals SARL from Belair Maniema Corp in consideration of the issuance of 15,000,000 common shares of the Company to the Vendor. The acquisition remains subject to certain standard conditions including, but not limited to, completion of [...]
Peat Resources today announces its interim financial statements, an update to potential technology initiatives, and changes to the Board of Directors. The Company has released its interim financial statements for the nine month periods ending February 28, 2017 and February 29, 2016, along with the associated Management Discussion and analysis. As a result of a competitive energy environment, the Company is continuing its [...]
Peat Resources today announces an update to its continuing evaluation of new opportunities as the basis for a potential technology pivot. After the signing of Non-Disclosure Agreements (NDAs) with multiple selected firms in furtherance of its evaluation of technology-based initiatives in the mobility space, the Company has continued with its detailed assessment of the technologies. One key action arising from the on-going [...]
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