Peat Resources Limited Announces Closing of Additional Private Placement
PEAT RESOURCES LIMITED
365 Bay Street
Suite 400
Toronto, Ontario
M5H 2V1 Canada
Tel: 416-862-7885
NEWS RELEASE
Peat Resources Limited Announces Closing of Additional Private Placement
TORONTO, ONTARIO (February 13, 2018) - Peat Resources Limited (the " Company")
(TSXV: PET) is pleased to announce that it has closed its additional private placement of
5,614,245 common shares of the Company at a price of $0.20 per share for aggregate proceeds
of $1,122,849 (the "Offering"), initially announced on January 12, 2018. The Company will use
the net proceeds from the Offering to fund the acquisition of mineral property interests in the
Democratic Republic of the Congo, transaction costs and general working capital purposes.
In connection with the completion of the Offering, the Company issued an aggregate of 75,000
broker warrants, representing 10% of the number of common shares issued pursuant to the
brokered portion of the Offering. Each broker warrant is exercisable into one c ommon share at a
price of $0.20 per common share for a period of five years from the date of issuance.
The securities to be issued in connection with the Offering are subject to a statutory four -month
hold period from the date of issuance. The closing of the Offering remains subject to completion
of formal documentation and receipt of final approval of the TSX Venture Exchange.
For additional information, please contact:
Peat Resources Limited
Patricia Mannard, Chairman
Telephone: (416) 862-7885
Email: [email protected]
Website: www.peatresources.net
IBK Capital Corp.
Mike White
Telephone: 416-360-4511
Email: [email protected]
Forward-Looking Information
This release includes certain statements that may be deemed "forward -looking statements". All statements in this
release, other than statements of historical facts, that address future production, reserve potential, exploration
drilling, ex ploitation activities and events or developments that the Company expects are forward -looking
statements. Although the Company believes the expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may
differ materially from those in the statements. There are certain factors that could cause actual results to differ
materially from those in forward -looking statements. These include market prices, exploitation and exploration
successes, continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward -looking statements. For more information
on the Company, investors should review registered filings at www.sedar.com.
2
Neither the TSX Venture Excha nge nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.