Peak Positioning Technologies Inc.

Peak Positioning Technologies Inc.

July 05, 2013 10:39 ET

Peak to Compensate Newfield in Shares

MONTREAL, QUEBEC--(Marketwired - July 5, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced that it will issue 317,500 common shares to Newfield Partners, LLC ("Newfield") at a deemed price of $0.08 per share as compensation for consulting services provided to Peak in accordance with the share compensation arrangement made between Peak and Newfield first announced on June 12, 2013. Peak deals at arm's length with Newfield, and the shares issued pursuant to the arrangement are subject to a hold period expiring four (4) months and one day from the date of their issuance.

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.

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