Peak Discovery closes $104,140 private placement

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.)