EDITOR: | January 22nd, 2014

Peak Resources Limited: Entitlement Issue Closes Oversubscribed

| January 22, 2014 | No Comments
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Peak-Resources-LtdJanuary 22, 2014 (Source: Peak Resources Limited) — Peak Resources Limited (Peak or Company; ASX: PEK) is pleased to advise that its pro-rata non- renounceable rights issue made pursuant to a prospectus dated 5 December 2013 has closed over-subscribed   (Entitlement   Offer). Subscriptions   for   shares   (including   shortfall)  totaling $3,520,335 were received.

In accordance with the Listing Rules, the Company confirms the following:

Total number of shares offered under the Entitlement Offer 55,111,377 shares
Total number of shares applied for by eligible shareholders under the Entitlement Offer 24,841,793 shares
Shortfall under Entitlement Offer 30,269,584 shares
Shortfall shares applied for 33,830,454shares

The Company proposes to issue all of the shares made available under the Entitlement Offer.  In addition, the Company has resolved to issue additional shares (being those Peak shares subscribed in excess of the Entitlement Offer shortfall) out of its 15% placement capacity under the Listing Rules.

It is anticipated that all shares (and free attaching Peak options) will be issued on or about 29 January 2014.

The  Directors  of  Peak  wish  to  thank  shareholders  for  their  participation  and  the  successful outcome of this rights issue.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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