EDITOR: | July 18th, 2013

Peak Resources Limited : Ngualla Funding Update

| July 18, 2013 | No Comments
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Peak-Resources-LtdJuly 18, 2013 (Source: Peak Resources Limited) — Peak  Resources  Limited  (Peak;  ASX:PEK;  OTCQX:  PKRLY) wishes  to  advise  the  market  that  it has   terminated   negotiations   with   the   potential   cornerstone   investor   as   per   the   company’s announcement on 23rd April 2013.

This announcement outlined the Company’s entry into a non-binding Memorandum of Understanding (MoU) with a prospective funding partner. Negotiations to complete a binding formal agreement over the past month have from Peaks perspective shown in sufficient progress. The prospective partner has failed  to  meet  previously  agreed deadlines  and  as  a consequence  the  Company  has  elected  to terminate discussions as of today, 18th July 2013.

The  Company  continues  to  hold  discussions  with  other  potential  cornerstone  investors  and  further details will be released as they become available.


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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