Peak Resources Appoints Financial Advisors for Ngualla Project Development
January 21, 2013 (Source: Peak Resources) — Peak Resources Limited (“Peak”; ASX: PEK, OTCQX: PKRLY), is pleased to update the market in relation to sourcing the long term funding for the development of its Ngualla Rare Earth Project.
Peak has entered into agreements with two groups in Asia who are mandated to assist in identifying and securing strategic partners to assist in funding the Ngualla Rare Earth Project through to production.
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In the Chinese region CITIC Securities has been appointed on an exclusive basis to provide corporate advisory services to the Company for strategic partnerships and off-take agreements. CITIC Securities is the leading Chinese full service investment bank in China and has been active in advising Australian businesses in cross border investment and M&A involving Chinese companies in recent years.
The second agreement in Asia covers South Korea and Japan and is mandated to Moser Capital Ltd which is headed up by Mr Kent Moser. Kent has 28 years corporate and financial experience throughout this region. Discussions have commenced and are continuing with a number of Korean groups that have shown a strong interest in the Project and we expect to be entering into substantive conversations with Japanese strategics over the next month.
The Company has appointed Sydney based Blue Ocean Equities as its Australian corporate advisor.
Peak is also in direct discussions with several interested parties and institutions in North America, Europe and Hong Kong regarding potential strategic partnerships, cornerstone investments and off-take agreements.
The Company will continue to provide updates as the various discussions progress.
Richard Beazley Managing Director
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