Peak Positioning Technologies Inc. (CNSX:PKK) announced private placement of 51 units at a price of CAD 10,000 per unit for gross proceeds of CAD 510,000 on January 7, 2019. Each unit consists of one CAD 10,000 non-secured convertible debenture with a maturity of 2 years and 8% per annum interest along with 10,000 common share purchase warrants. Each warrant is exercisable at CAD 0.10 per share for a period of 24 months from issue. The debentures are convertible into common shares at a fixed conversion price of CAD 0.05 per share. The debentures contain a "forced conversion" feature under which the debentures will automatically be surrendered and converted into common shares should the shares of Peak trade at CAD 0.20 or more for 3 consecutive trading days.