Perth, Australia (ABN Newswire) - Peak Resources Ltd.
(ASX:PEK) (OTCMKTS:PKRLY) is pleased to advise that the Company dispatched today the Entitlements Issue Prospectus dated the 5 December 2013 together with personalised Entitlement and Acceptance Forms to all eligible shareholders.
The Company is offering one (1) fully paid ordinary share in the capital of the Company (Share) for every five (5) Shares held by eligible shareholders at an issue price of $0.06 per Share to raise up to approximately $3,306,683, together with one (1) free attaching option for every one (1) Share subscribed for and issued (New Option), exercisable at $0.10 per New Option on or before 30 June 2015.
About Peak Resources Limited:
Listed on the Australian Stock Exchange (ASX:PEK) in November 2006 and based in Perth, Western Australia, Peak Resources Ltd.
is developing the Ngualla Rare Earths Project in southern Tanzania. Peak also holds a number of gold projects comprising a mix of brownfield, greenfield and advanced exploration prospects in the highly prospective Lake Victoria Goldfields area of Tanzania.
Peak’s goal is to generate shareholder value through:
- Development of the exciting new high-grade, low uranium and thorium Ngualla Rare Earth discovery into production
- Exploring for niobium-tantalum and phosphate at Ngualla to generate a pipeline of additional commodities
- Discovery of new gold deposits within its large, highly prospective portfolio of exploration projects in Tanzania
- Aggressive new project acquisition programmes in East Africa
Peak’s head office is located in Perth, Western Australia with an exploration office in Mwanza, Tanzania.
Peak Resources Ltd.