Northwire Canada EditionSunday, November 1, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings

Peak Discovery closes $104,140 private placement

By The Northwire Desk — AI Analysis Nov 27, 2025 · 13:55 PEC · 0.09 Peak Discovery Capital Ltd
PEC · Price

Executive Summary

  • Peak Discovery Capital Ltd. closed a non‑brokered private placement of 1,487,714 units at $0.07 per unit, generating gross proceeds of $104,140.
  • Each unit includes one common share and one warrant to purchase an additional share at $0.10; warrants expire one year from issuance.
  • Proceeds will be used to pursue new business opportunities and for general working capital.

Key Details

  • Units sold: 1,487,714 units @ $0.07 per unit → $104,140 gross proceeds.
  • Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.10).
  • Warrant terms: Exercisable for one additional common share; expires 12 months after issuance.
  • Use of proceeds: Funding new business opportunities and general working capital.
  • Hold period: Securities subject to a resale restriction for 4 months + 1 day from issuance.
  • Finder’s fees: Paid cash finders’ fees totaling $5,460 to arm’s‑length finders per TSX Venture Exchange policy.
  • Related party participation: Insiders acquired units; transaction qualified as a related‑party transaction under TSX‑V Policy 5.9 and MI 61‑101, with exemptions applied because fair market value did not exceed 25 % of market cap.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

More from Peak Discovery Capital Ltd

Jun 18, 2026 · 16:31

Small-cap junior mining company pursuing a speculative reverse takeover of a Philippine copper-gold project via bridge financing.

Financings Jun 01, 2026 · 16:16

Peak Discovery’s Philippine RTO Stalls Again as Dilutive Financings Mount Without Definitive Agreement

M&A / Property Apr 14, 2026 · 17:09

Peak Discovery Secures Runway Amidst Philippines RTO Deadline

Financings