Peak Positioning Technologies Inc. announced that it has received CAD 3.98 million in funding
On May 31, 2016 Peak Positioning Technologies Inc closed the transaction. The company issued 199,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 3,980,000. The transaction included participation from Jiang Wang and his group. They purchased 199,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 3,980,000 and now holds 51% stake in the company. The securities to be issued are subject to a hold period of four months and one day from date of closing.