Announcement to the Australian Securities Exchange16 February...

Announcement to the Australian Securities Exchange
16 February 2012
Peak Resources Announces $4.0 million Placement
? Peak Resources completes successful placement of $4.0 million to one US based
Institutional investor.
? Funds raised will be utilised to complete the assay testing and initial
beneficiation and metallurgical test work on samples from the recently completed
drilling program at the Ngualla Rare Earth Project in southern Tanzania.
? Maiden JORC compliant rare earth resource estimate for Ngualla scheduled for
completion in 1st quarter 2012.
The Directors of Peak Resources Limited (“Peak” or “the Company”) are pleased to
announce that the Company has successfully received firm commitments to raise A$4
million, before cost, through the placement of 8.3 million new ordinary shares (“Shares”) at
$0.48 per share and 3 free options for every 4 shares applied for. Options are exercisable at
$0.55 on or before 5 years from date of grant. (“Placement”).
Roth Capital Partners (US) acted as Lead Manager to the Placement. Shaw Corporate
Finance Pty Ltd has acted as advisors to the Company to the Placement.
Funds raised from the Placement will be used
? Beneficiation and metallurgical test work;
? Completion of the maiden JORC compliant rare earth resource estimate at the Ngualla
project;
? Commencement of drill program scheduled for May 2012; and
? General working capital requirements.
The Placement will be made is to be issued under the Company’s 15% capacity, pursuant to
ASX Listing Rule 7.1. Settlement is scheduled for Tuesday, 21 February 2012.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy
securities in the United States nor shall there be any sale of the securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful. The securities offered have not
been, and will not be, registered under the United States Securities Act of 1933, as amended
(the “Securities Act”), or any state securities laws and may not be offered or sold in the
United States or to U.S. persons (as defined in Regulation S under the Securities Act) except
in compliance with the registration requirements or an applicable exemption from the
registration requirements of the Securities Act and applicable state securities laws.
This exposure into the North American financial market represents a significant milestone for
Peak in acquiring international support for the company’s growth plan into the future