MONTREAL, QUEBEC--(Marketwired - June 12, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced that the cease trade order limited to management imposed on May 1, 2013 by the Autorité des marchés financiers, the Company's principal regulator, due to the delay in the filing of the Company's 2012 Annual Disclosure Documents, was officially lifted on June 6, 2013. The Company's managers and directors are now free to directly or indirectly trade the Company's securities.
Peak also announced today that two of its consultant suppliers, Newfield Partners, LLC and Gestion Claude Veillette Ltd., have agreed to be compensated in Peak shares rather than cash for past services provided and future services to be provided to Peak. Subject to TSX Venture approval, invoices from these two consultant suppliers will be settled through the issuance of Peak shares from treasury.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.