Ms. Mary Ma
reports
PEAK DISCOVERY CLOSES PRIVATE PLACEMENT
On Nov. 26, 2025, Peak Discovery Capital Ltd. closed the non-brokered private placement financing previously announced on Oct. 20, 2025, which consisted of 1,487,714 units at a price of seven cents per unit, resulting in gross proceeds of $104,140. Each unit consisted of one common share of the company and one common share purchase warrant, with each warrant exercisable to purchase one additional common share of the company at a price of 10 cents per share. The warrants will expire one year from the date of issuance. The proceeds of the offering will be used to pursue new business opportunities for the company and for general working capital.
The securities underlying the units are subject to a hold period legend prohibiting resale for four months and one day from the date of their issuance. The company paid cash finders' fees totalling $5,460 in connection with the offering to arm's-length finders in accordance with the policies of the TSX Venture Exchange.
Certain insiders of the company acquired units under the offering. Such participation was considered to be related party transactions within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, adopted in Policy 5.9. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the offering as neither the fair market value (as determined under MI 61-101) of the subject matter of nor the fair market value of the consideration for the transaction, insofar as it involves the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).
About Peak Discovery Capital Ltd.
The company's principal business is the identification and evaluation of assets or businesses for future merger and acquisition.
© 2026 Canjex Publishing Ltd. All rights reserved.